Vanguard Group Inc. Has $2.63 Billion Holdings in PTC Inc. (NASDAQ:PTC)

Vanguard Group Inc. raised its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,292,492 shares of the technology company's stock after purchasing an additional 240,080 shares during the period. Vanguard Group Inc. owned 11.87% of PTC worth $2,627,961,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PTC. Allworth Financial LP boosted its holdings in 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 purchasing an additional 69 shares during the period. Assetmark Inc. boosted its holdings in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after buying an additional 297 shares during the period. Brooklyn Investment Group acquired a new position in shares of PTC in the 3rd quarter valued at about $66,000. Smartleaf Asset Management LLC grew its position in shares of PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after buying an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in PTC during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. 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. Citigroup cut their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.09.

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Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction 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 represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company's stock.

PTC Price Performance

Shares of NASDAQ:PTC traded down $5.51 during trading on Friday, reaching $154.80. The company had a trading volume of 975,994 shares, compared to its average volume of 851,214. The firm's fifty day moving average is $169.84 and its 200 day moving average is $181.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $18.63 billion, a PE ratio of 47.78, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. On average, equities analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.