Hsbc Holdings PLC Has $51.36 Million Holdings in PTC Inc. (NASDAQ:PTC)

Hsbc Holdings PLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,426 shares of the technology company's stock after acquiring an additional 31,978 shares during the period. Hsbc Holdings PLC owned about 0.23% of PTC worth $51,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in shares of PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock worth $203,463,000 after purchasing an additional 30,525 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in PTC during the 3rd quarter worth $3,113,000. Principal Financial Group Inc. boosted its position in PTC by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company's stock valued at $26,931,000 after buying an additional 5,403 shares during the last quarter. JPMorgan Chase & Co. boosted its position in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after buying an additional 135,677 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of PTC by 86.8% in the 4th quarter. GAMMA Investing LLC now owns 2,600 shares of the technology company's stock valued at $478,000 after buying an additional 1,208 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BMO Capital Markets decreased their price target on PTC from $220.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Mizuho lowered their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Barclays dropped their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.38.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction 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. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Stock Up 1.6 %

Shares of PTC traded up $2.39 on Friday, hitting $154.03. The company's stock had a trading volume of 1,016,811 shares, compared to its average volume of 876,202. The firm's fifty day moving average price is $154.42 and its 200-day moving average price is $176.28. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 47.54, a P/E/G ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, equities research analysts expect that PTC Inc. will post 4.46 EPS 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.