Mizuho Securities USA LLC Has $5.84 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Mizuho Securities USA LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 250.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,303 shares of the technology company's stock after buying an additional 23,079 shares during the quarter. Mizuho Securities USA LLC's holdings in PTC were worth $5,836,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of PTC in the 1st quarter valued at about $215,000. Empowered Funds LLC acquired a new stake in shares of PTC in the first quarter valued at about $268,000. Russell Investments Group Ltd. increased its position in shares of PTC by 7.6% in the first quarter. Russell Investments Group Ltd. now owns 57,520 shares of the technology company's stock valued at $10,874,000 after acquiring an additional 4,087 shares during the last quarter. Intech Investment Management LLC increased its position in shares of PTC by 180.8% in the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company's stock valued at $5,115,000 after acquiring an additional 17,430 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company's stock valued at $2,596,209,000 after acquiring an additional 205,673 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

Shares of PTC stock traded down $1.10 during trading on Friday, hitting $190.01. The company had a trading volume of 687,016 shares, compared to its average volume of 860,306. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 1.45. The firm has a market capitalization of $22.83 billion, a P/E ratio of 61.10, a price-to-earnings-growth ratio of 2.57 and a beta of 1.17. The stock's 50-day moving average price is $182.14 and its 200 day moving average price is $178.73. PTC Inc. has a one year low of $151.73 and a one year high of $199.48.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PTC. Rosenblatt Securities reaffirmed a "buy" rating and issued a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Piper Sandler lifted their target price on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Finally, Berenberg Bank cut PTC from a "buy" rating to a "hold" rating and reduced their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $204.83.

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.