Mizuho Securities USA LLC Purchases 3,596 Shares of PTC Inc. (NASDAQ:PTC)

Mizuho Securities USA LLC raised its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,386 shares of the technology company's stock after acquiring an additional 3,596 shares during the quarter. Mizuho Securities USA LLC's holdings in PTC were worth $2,094,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PTC. Allworth Financial LP increased its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. increased its stake in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after acquiring an additional 297 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of PTC during the 3rd quarter worth about $66,000. Smartleaf Asset Management LLC increased its position in PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after purchasing an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of PTC during the 4th quarter valued at $84,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Price Performance

NASDAQ PTC traded down $5.51 on Friday, reaching $154.80. The company's stock had a trading volume of 975,994 shares, compared to its average volume of 851,213. The firm's 50 day moving average is $170.50 and its two-hundred day moving average is $180.96. The stock has a market cap of $18.63 billion, a PE ratio of 47.78, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09.

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PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. KeyCorp increased their target price on shares of PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup reduced their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Stifel Nicolaus lifted 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. 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 has a consensus rating of "Moderate Buy" and an average target price of $210.09.

Insider Transactions at PTC

In other PTC 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 value of $96,739.66. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.

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.