Mitsubishi UFJ Asset Management Co. Ltd. grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,778 shares of the technology company's stock after purchasing an additional 5,695 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of PTC worth $39,082,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PTC. Raymond James Financial Inc. acquired a new stake in PTC during the 4th quarter worth approximately $146,712,000. Vanguard Group Inc. raised its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after purchasing an additional 240,080 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PTC by 33.7% during the third 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 period. State Street Corp boosted its position in PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company's stock worth $917,088,000 after acquiring an additional 133,370 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in PTC in the 3rd quarter worth approximately $20,636,000. 95.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at PTC
In related news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 owns 7,604 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company's stock.
PTC Price Performance
PTC traded down $9.91 during midday trading on Thursday, reaching $147.25. 318,106 shares of the company's stock were exchanged, compared to its average volume of 854,865. PTC Inc. has a one year low of $146.96 and a one year high of $203.09. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 45.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The business has a 50-day simple moving average of $167.93 and a two-hundred day simple moving average of $180.66. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.
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%. As a group, research analysts predict that PTC Inc. will post 4.46 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $210.09.
Get Our Latest Research 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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