Massachusetts Financial Services Co. MA Has $181.45 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Massachusetts Financial Services Co. MA increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 986,835 shares of the technology company's stock after buying an additional 62,379 shares during the period. Massachusetts Financial Services Co. MA owned 0.82% of PTC worth $181,449,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares in 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. Oak Thistle LLC bought a new position in PTC in the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC acquired a new stake in shares of PTC in the 4th quarter valued at $8,858,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of PTC during the fourth quarter worth $223,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on PTC shares. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Stifel Nicolaus increased their price objective on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Citigroup reduced their price objective 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. KeyCorp upped their price objective on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.09.

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PTC Stock Down 0.1 %

NASDAQ:PTC traded down $0.08 during trading hours on Monday, reaching $139.69. 1,768,219 shares of the stock were exchanged, compared to its average volume of 866,377. The stock has a market cap of $16.81 billion, a PE ratio of 43.11, a PEG ratio of 2.27 and a beta of 1.17. PTC Inc. has a twelve month low of $134.67 and a twelve month high of $203.09. The firm has a 50 day moving average of $166.16 and a 200 day moving average of $180.28. 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 released 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

PTC Company 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.