Thrivent Financial for Lutherans lessened its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,021 shares of the technology company's stock after selling 16,295 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.11% of PTC worth $24,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of PTC. Bank Pictet & Cie Europe AG raised its holdings in 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 purchasing an additional 55 shares during the period. Wedmont Private Capital increased its position in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after buying an additional 64 shares in the last quarter. Allworth Financial LP raised its stake in shares of PTC by 58.0% in 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 during the period. Otter Creek Advisors LLC lifted its position in shares of PTC by 0.4% during the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock valued at $3,527,000 after buying an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC grew its stake in shares of PTC by 3.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock valued at $542,000 after acquiring an additional 91 shares during the period. Institutional investors own 95.14% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Rosenblatt Securities restated a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.09.
Check Out Our Latest Stock Report on PTC
Insiders Place Their Bets
In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company's stock.
PTC Price Performance
NASDAQ PTC traded up $1.35 during trading on Tuesday, hitting $162.80. 966,832 shares of the stock traded hands, compared to its average volume of 819,323. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $151.80 and a 12-month high of $203.09. The firm has a 50-day simple moving average of $171.95 and a 200-day simple moving average of $181.25. The company has a market capitalization of $19.59 billion, a P/E ratio of 50.25, 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 EPS for the quarter, missing analysts' consensus estimates 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 predict that PTC Inc. will post 4.46 EPS for the current year.
About PTC
(
Free Report)
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.
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