Ossiam lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 46.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,540 shares of the technology company's stock after selling 2,226 shares during the quarter. Ossiam's holdings in PTC were worth $467,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of PTC. Raymond James Financial Inc. bought a new position in PTC during the fourth quarter worth about $146,712,000. Norges Bank bought a new stake in PTC in the fourth quarter valued at $128,852,000. Commerce Bank grew its position in PTC by 557.8% in the fourth quarter. Commerce Bank now owns 311,841 shares of the technology company's stock valued at $57,338,000 after acquiring an additional 264,437 shares during the period. Vanguard Group Inc. lifted its holdings in shares of PTC by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after acquiring an additional 240,080 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 135,677 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PTC shares. Robert W. Baird lifted their price target on shares of PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. KeyCorp cut their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.08.
Get Our Latest Stock Analysis on PTC
Insider Activity at PTC
In related news, Director Corinna Lathan sold 622 shares of PTC 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 transaction, the director now owns 7,604 shares of the company's stock, valued at $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 this link. 0.32% of the stock is currently owned by corporate insiders.
PTC Stock Up 3.0 %
Shares of NASDAQ PTC opened at $143.81 on Wednesday. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $203.09. The firm's 50-day moving average is $155.61 and its 200-day moving average is $176.86. 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 market capitalization of $17.30 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.
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 analysts expect that PTC Inc. will post 4.46 EPS for the current year.
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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