Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,185 shares of the technology company's stock after buying an additional 6,283 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of PTC worth $15,847,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in 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 purchasing an additional 69 shares in the last quarter. Assetmark Inc. increased its stake in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the period. Brooklyn Investment Group acquired a new stake in PTC in the third quarter valued at approximately $66,000. Smartleaf Asset Management LLC lifted its stake in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after acquiring an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in PTC during the 4th quarter worth approximately $84,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.
PTC Stock Performance
PTC traded up $0.27 during trading on Wednesday, hitting $156.47. 108,175 shares of the stock were exchanged, compared to its average volume of 853,216. 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 Inc. has a 1-year low of $151.80 and a 1-year high of $203.09. The stock has a fifty day moving average price of $168.55 and a two-hundred day moving average price of $180.83. The firm has a market capitalization of $18.83 billion, a P/E ratio of 48.28, a PEG ratio of 2.27 and a beta of 1.22.
PTC (NASDAQ:PTC - Get Free Report) last announced 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 net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.
Insider Buying and Selling at PTC
In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on 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 sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
PTC has been the topic of a number of analyst reports. KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup decreased their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Five 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.
Get Our Latest Stock Report on PTC
PTC Profile
(
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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