J. Safra Sarasin Holding AG Trims Stock Position in PTC Inc. (NASDAQ:PTC)

J. Safra Sarasin Holding AG lowered its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,543 shares of the technology company's stock after selling 22,620 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.07% of PTC worth $14,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PTC. State of Tennessee Department of Treasury lifted its holdings in shares of PTC by 63.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 22,412 shares of the technology company's stock valued at $4,121,000 after purchasing an additional 8,671 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in PTC by 24.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,821 shares of the technology company's stock valued at $2,174,000 after buying an additional 2,333 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in PTC by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 34,929 shares of the technology company's stock worth $6,422,000 after acquiring an additional 452 shares in the last quarter. Natixis grew its stake in shares of PTC by 328.5% in the fourth quarter. Natixis now owns 12,114 shares of the technology company's stock worth $2,227,000 after acquiring an additional 9,287 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in PTC by 12.6% in the fourth quarter. Norinchukin Bank The now owns 5,738 shares of the technology company's stock worth $1,055,000 after buying an additional 641 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Up 2.7 %

PTC stock traded up $3.94 during trading hours on Thursday, reaching $151.64. The stock had a trading volume of 787,431 shares, compared to its average volume of 875,416. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.27 and a beta of 1.17. The business's 50 day moving average price is $155.15 and its 200-day moving average price is $176.66. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. 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 posted 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%. Sell-side analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Mizuho reduced their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Barclays reduced their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Six equities research 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $192.08.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated 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 sale, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

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.