Daiwa Securities Group Inc. boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,683 shares of the technology company's stock after purchasing an additional 9,551 shares during the period. Daiwa Securities Group Inc.'s holdings in PTC were worth $10,790,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. Bank Pictet & Cie Europe AG grew its position in shares of PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after buying an additional 55 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after acquiring an additional 64 shares during the period. Allworth Financial LP boosted its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Metis Global Partners LLC increased its position in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock valued at $1,202,000 after purchasing an additional 73 shares during the period. Finally, Covestor Ltd raised its holdings in PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after purchasing an additional 80 shares during the last quarter. 95.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on PTC shares. JPMorgan Chase & Co. upped their price objective on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Sunday. KeyCorp upped their price target on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $210.09.
View Our Latest Research Report on PTC
PTC Trading Down 2.3 %
Shares of PTC stock opened at $157.28 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $18.92 billion, a P/E ratio of 48.54, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 52-week low of $155.53 and a 52-week high of $203.09. The stock's 50-day simple moving average is $176.46 and its 200 day simple moving average is $182.28.
PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.
PTC Profile
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Free Report)
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.
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