Generali Asset Management SPA SGR Invests $1.15 Million in PTC Inc. (NASDAQ:PTC)

Generali Asset Management SPA SGR bought a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,245 shares of the technology company's stock, valued at approximately $1,148,000.

Other hedge funds have also made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its position in shares of PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after purchasing an additional 55 shares in the last quarter. Wedmont Private Capital grew its holdings in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock valued at $734,000 after buying an additional 64 shares in the last quarter. Allworth Financial LP increased its stake in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Otter Creek Advisors LLC raised its holdings in shares of PTC by 0.4% during the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after acquiring an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its position in shares of PTC by 3.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock valued at $542,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PTC shares. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, KeyCorp increased 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PTC currently has a consensus rating of "Moderate Buy" and an average target price of $210.09.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by insiders.

PTC Price Performance

PTC stock traded up $1.35 during midday trading on Tuesday, reaching $162.80. The company's stock had a trading volume of 966,832 shares, compared to its average volume of 819,323. The firm has a market capitalization of $19.59 billion, a PE ratio of 50.25, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The stock's 50 day simple moving average is $171.95 and its 200 day simple moving average is $181.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

PTC Profile

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.