Victory Capital Management Inc. Reduces Holdings in PTC Inc. (NASDAQ:PTC)

Victory Capital Management Inc. lessened its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,664 shares of the technology company's stock after selling 7,992 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of PTC worth $13,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PTC. Van ECK Associates Corp boosted its stake in shares of PTC by 28.5% in the 3rd quarter. Van ECK Associates Corp now owns 2,152 shares of the technology company's stock valued at $395,000 after purchasing an additional 477 shares in the last quarter. Principal Financial Group Inc. lifted its stake in PTC by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company's stock valued at $26,931,000 after purchasing an additional 5,403 shares during the last quarter. Atria Investments Inc boosted its position in PTC by 33.8% in the third quarter. Atria Investments Inc now owns 2,455 shares of the technology company's stock valued at $444,000 after buying an additional 620 shares in the last quarter. Covestor Ltd grew its stake in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after buying an additional 80 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of PTC during the 3rd quarter valued at $269,000. Institutional investors and hedge funds own 95.14% of the company's stock.

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PTC Stock Down 2.4 %

Shares of PTC traded down $3.70 during trading hours on Thursday, hitting $153.30. The stock had a trading volume of 1,361,401 shares, compared to its average volume of 814,076. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $175.92 and a 200-day simple moving average of $182.11. PTC Inc. has a 1-year low of $151.78 and a 1-year high of $203.09. The firm has a market capitalization of $18.45 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC - Get Free Report) last posted 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 return on equity of 14.49% and a net margin of 16.95%. Sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PTC. KeyCorp lifted 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. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Finally, StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research report on Sunday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.