National Bank of Canada FI Raises Stake in PTC Inc. (NASDAQ:PTC)

National Bank of Canada FI grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 114.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,449 shares of the technology company's stock after purchasing an additional 55,645 shares during the quarter. National Bank of Canada FI owned approximately 0.09% of PTC worth $19,205,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in PTC by 51.3% during the 3rd quarter. Cerity Partners LLC now owns 5,768 shares of the technology company's stock worth $1,042,000 after acquiring an additional 1,955 shares during the period. Public Sector Pension Investment Board lifted its stake in PTC by 12.8% in the third quarter. Public Sector Pension Investment Board now owns 5,274 shares of the technology company's stock valued at $953,000 after buying an additional 600 shares during the period. HighTower Advisors LLC boosted its holdings in shares of PTC by 47.6% during the 3rd quarter. HighTower Advisors LLC now owns 6,199 shares of the technology company's stock worth $1,117,000 after buying an additional 2,000 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of PTC by 42.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,114 shares of the technology company's stock worth $2,912,000 after buying an additional 4,800 shares during the period. Finally, Investment Management Corp of Ontario grew its position in shares of PTC by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 3,995 shares of the technology company's stock worth $722,000 after buying an additional 1,300 shares during the period. 95.14% of the stock is owned by institutional investors.

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Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company's stock.

PTC Stock Down 6.5 %

Shares of NASDAQ PTC traded down $9.76 during trading on Friday, hitting $139.77. The stock had a trading volume of 1,244,232 shares, compared to its average volume of 862,770. The firm has a fifty day moving average of $166.16 and a two-hundred day moving average of $180.21. The company has a market capitalization of $16.82 billion, a PE ratio of 43.14, a PEG ratio of 2.27 and a beta of 1.22. 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 Inc. has a 12 month low of $139.66 and a 12 month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on PTC shares. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $210.09.

About PTC

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.