Fisher Asset Management LLC Buys 76,499 Shares of PTC Inc. (NASDAQ:PTC)

Fisher Asset Management LLC boosted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 174.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,431 shares of the technology company's stock after buying an additional 76,499 shares during the quarter. Fisher Asset Management LLC owned 0.10% of PTC worth $22,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the last quarter. Covestor Ltd lifted its holdings in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 80 shares during the last quarter. Brooklyn Investment Group acquired a new position in PTC in the third quarter valued at approximately $66,000. Sentry Investment Management LLC acquired a new position in PTC during the 4th quarter valued at approximately $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in PTC during the 3rd quarter worth $152,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Citigroup lowered 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. Finally, Royal Bank of Canada lifted their price target on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.09.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company's stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.32% of the company's stock.

PTC Stock Down 0.3 %

Shares of PTC traded down $0.53 during midday trading on Thursday, reaching $160.63. 44,072 shares of the stock were exchanged, compared to its average volume of 1,095,042. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 2.27 and a beta of 1.19. The firm has a 50 day simple moving average of $178.39 and a 200-day simple moving average of $182.69. PTC Inc. has a 12-month low of $155.53 and a 12-month high of $203.09. 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 issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. Research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

PTC 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.