Kornitzer Capital Management Inc. KS Boosts Stake in PTC Inc. (NASDAQ:PTC)

Kornitzer Capital Management Inc. KS increased its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,100 shares of the technology company's stock after buying an additional 4,100 shares during the period. Kornitzer Capital Management Inc. KS's holdings in PTC were worth $2,409,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Allworth Financial LP raised 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 valued at $35,000 after buying an additional 69 shares in the last quarter. Covestor Ltd grew its holdings in shares of PTC by 70.8% in 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. Brooklyn Investment Group bought a new stake in shares of PTC in the 3rd quarter worth about $66,000. Blue Trust Inc. grew its holdings in shares of PTC by 473.9% in the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock worth $144,000 after purchasing an additional 654 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PTC in the 3rd quarter worth about $152,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 2.6 %

Shares of PTC traded down $4.39 during trading hours on Friday, reaching $161.37. The stock had a trading volume of 521,459 shares, compared to its average volume of 1,105,790. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $183.63 and a 200 day simple moving average of $183.18. PTC Inc. has a 12 month low of $161.41 and a 12 month high of $203.09. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 49.76, a P/E/G ratio of 2.33 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last released its 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 return on equity of 14.49% and a net margin of 16.95%. Equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and lowered their target price for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. Finally, Robert W. Baird increased their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $210.09.

Insider Buying and Selling

In related news, CFO Kristian Talvitie sold 10,306 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares of the company's stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Corinna Lathan sold 860 shares of PTC stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now directly owns 6,843 shares of the company's stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,539 shares of company stock valued at $3,301,697 over the last ninety days. Company insiders own 0.32% of the company's stock.

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.