PTC Inc. (NASDAQ:PTC) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. raised its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 512,513 shares of the technology company's stock after acquiring an additional 26,007 shares during the quarter. TD Asset Management Inc. owned approximately 0.43% of PTC worth $94,236,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Congress Wealth Management LLC DE boosted its holdings in shares of PTC by 1.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 93,919 shares of the technology company's stock valued at $17,269,000 after purchasing an additional 1,316 shares during the last quarter. Vanguard Group Inc. increased its stake in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after acquiring an additional 240,080 shares during the last quarter. LPL Financial LLC raised its holdings in shares of PTC by 14.6% during the 4th quarter. LPL Financial LLC now owns 17,914 shares of the technology company's stock worth $3,294,000 after acquiring an additional 2,285 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of PTC during the 4th quarter valued at approximately $7,153,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of PTC by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 11,386 shares of the technology company's stock valued at $2,094,000 after purchasing an additional 3,596 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts have commented on PTC shares. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Stifel Nicolaus boosted their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $210.09.

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 transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at approximately $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 this link. 0.32% of the stock is currently owned by company insiders.

PTC Stock Down 3.4 %

PTC stock traded down $5.51 during midday trading on Friday, hitting $154.80. 975,994 shares of the company's stock were exchanged, compared to its average volume of 851,214. The company has a market cap of $18.63 billion, a PE ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22. The firm has a 50-day moving average of $169.84 and a two-hundred day moving average of $180.97. 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 12 month low of $151.80 and a 12 month high of $203.09.

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 net margin of 16.95% and a return on equity of 14.49%. As a group, analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.