Wealthfront Advisers LLC Has $2.89 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Wealthfront Advisers LLC lifted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 1,264.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,696 shares of the technology company's stock after purchasing an additional 14,546 shares during the quarter. Wealthfront Advisers LLC's holdings in PTC were worth $2,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock valued at $35,000 after purchasing an additional 80 shares in the last quarter. Allworth Financial LP raised its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares during the period. Assetmark Inc. lifted its stake in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares in the last quarter. Brooklyn Investment Group acquired a new stake in PTC during the 3rd quarter worth about $66,000. Finally, Smartleaf Asset Management LLC boosted its position in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research note on Sunday, March 9th. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $210.09.

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PTC Stock Performance

Shares of NASDAQ PTC opened at $153.30 on Friday. The business's 50-day simple moving average is $175.33 and its 200-day simple moving average is $181.91. 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 52 week low of $151.80 and a 52 week high of $203.09. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly 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 net margin of 16.95% and a return on equity of 14.49%. As a group, equities research 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.

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