Schroder Investment Management Group raised its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,378 shares of the technology company's stock after buying an additional 20,410 shares during the quarter. Schroder Investment Management Group owned about 0.15% of PTC worth $32,945,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares in the last quarter. JPMorgan Chase & Co. increased its position in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after buying an additional 135,677 shares during the last quarter. Oak Thistle LLC acquired a new stake in PTC in the 4th quarter worth about $1,113,000. Proficio Capital Partners LLC bought a new position in PTC during the 4th quarter worth $8,858,000. Finally, Avantax Advisory Services Inc. acquired a new position in PTC in the fourth quarter valued at about $223,000. 95.14% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Corinna Lathan sold 622 shares of the company's 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 sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on PTC. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Finally, KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.09.
Read Our Latest Stock Report on PTC
PTC Price Performance
PTC traded down $9.76 during trading on Friday, reaching $139.77. 1,244,232 shares of the company were exchanged, compared to its average volume of 862,770. The company's 50-day moving average is $166.16 and its two-hundred day moving average is $180.24. PTC Inc. has a 12-month low of $139.66 and a 12-month high of $203.09. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 43.14, a P/E/G ratio of 2.27 and a beta of 1.17. 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 announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. Research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal 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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