Sciencast Management LP Takes Position in PTC Inc. (NASDAQ:PTC)

Sciencast Management LP acquired a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,532 shares of the technology company's stock, valued at approximately $3,040,000. PTC makes up approximately 0.8% of Sciencast Management LP's investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in PTC by 10.9% in the 3rd quarter. Empowered Funds LLC now owns 2,144 shares of the technology company's stock worth $387,000 after purchasing an additional 210 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of PTC during the third quarter valued at approximately $1,235,000. Commerce Bank lifted its holdings in shares of PTC by 6.3% in the third quarter. Commerce Bank now owns 47,404 shares of the technology company's stock worth $8,564,000 after buying an additional 2,792 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of PTC by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 7,335 shares of the technology company's stock worth $1,325,000 after acquiring an additional 654 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in PTC by 19.8% during the third quarter. Intech Investment Management LLC now owns 25,290 shares of the technology company's stock valued at $4,569,000 after acquiring an additional 4,177 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

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PTC Trading Down 0.4 %

Shares of PTC traded down $0.65 during midday 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's 50 day moving average is $171.50 and its 200 day moving average is $181.24. The firm has a market cap of $19.51 billion, a PE ratio of 50.05, a price-to-earnings-growth 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 1 year low of $151.80 and a 1 year high of $203.09.

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

Analysts Set New Price Targets

Several research analysts have commented on PTC shares. Citigroup dropped their price objective 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. JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, KeyCorp boosted their price target 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.09.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the firm'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 transaction, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is owned by corporate 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.