Royal London Asset Management Ltd. Grows Holdings in PTC Inc. (NASDAQ:PTC)

Royal London Asset Management Ltd. boosted its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,849 shares of the technology company's stock after acquiring an additional 9,534 shares during the quarter. Royal London Asset Management Ltd.'s holdings in PTC were worth $10,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its position in shares of PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after acquiring an additional 55 shares in the last quarter. Wedmont Private Capital increased its holdings in PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock valued at $734,000 after buying an additional 64 shares during the last quarter. Allworth Financial LP grew its stake in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the period. Otter Creek Advisors LLC increased its stake in shares of PTC by 0.4% in the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after purchasing an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC increased its stake in PTC by 3.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock worth $542,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

PTC Price Performance

PTC stock traded down $0.65 during trading on Wednesday, hitting $162.15. The stock had a trading volume of 644,551 shares, compared to its average volume of 818,580. The stock has a market capitalization of $19.51 billion, a P/E ratio of 50.05, a PEG ratio of 2.27 and a beta of 1.22. The company's 50-day moving average price is $171.50 and its two-hundred day moving average price is $181.24. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09. 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 (NASDAQ:PTC - Get Free Report) last announced 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%. As a group, research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PTC shares. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. KeyCorp lifted their price objective on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.