Korea Investment CORP boosted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 79.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,376 shares of the technology company's stock after buying an additional 34,335 shares during the quarter. Korea Investment CORP owned approximately 0.06% of PTC worth $14,227,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC grew its stake in PTC by 51.3% in the 3rd quarter. Cerity Partners LLC now owns 5,768 shares of the technology company's stock worth $1,042,000 after acquiring an additional 1,955 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PTC in the third quarter valued at $152,000. Public Sector Pension Investment Board lifted its position in PTC by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 5,274 shares of the technology company's stock worth $953,000 after buying an additional 600 shares during the period. Edgestream Partners L.P. boosted its stake in PTC by 125.8% in the 3rd quarter. Edgestream Partners L.P. now owns 17,409 shares of the technology company's stock worth $3,145,000 after buying an additional 9,698 shares during the last quarter. Finally, Cinctive Capital Management LP boosted its position in shares of PTC by 30.0% in the third quarter. Cinctive Capital Management LP now owns 2,600 shares of the technology company's stock worth $470,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
PTC Stock Performance
Shares of PTC stock traded down $6.84 on Thursday, hitting $150.32. 615,350 shares of the stock traded hands, compared to its average volume of 855,876. The company's fifty day moving average is $167.93 and its 200 day moving average is $180.66. PTC Inc. has a 1-year low of $146.96 and a 1-year high of $203.09. The company has a market capitalization of $18.09 billion, a PE ratio of 46.40, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.
PTC (NASDAQ:PTC - Get Free Report) last issued its 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 return on equity of 14.49% and a net margin of 16.95%. On average, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.
Insider Buying and Selling at PTC
In other PTC news, Director Corinna Lathan sold 622 shares of the firm'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 sale, 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 SEC, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on PTC. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Stifel Nicolaus boosted their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.09.
View Our Latest Report on PTC
About PTC
(
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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