Y Intercept Hong Kong Ltd decreased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 79.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,236 shares of the technology company's stock after selling 4,926 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in PTC were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its holdings in PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company's stock worth $2,559,000 after buying an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in PTC by 542.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company's stock worth $3,640,000 after buying an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in PTC in the 3rd quarter worth $84,549,000. Citigroup Inc. lifted its holdings in PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company's stock worth $26,971,000 after buying an additional 32,984 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after buying an additional 135,677 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on PTC shares. Piper Sandler boosted their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $210.09.
Read Our Latest Report on PTC
PTC Price Performance
PTC stock traded up $2.72 on Wednesday, hitting $161.16. 705,488 shares of the company's stock traded hands, compared to its average volume of 1,119,674. PTC Inc. has a 1-year low of $155.53 and a 1-year high of $203.09. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 49.74, a P/E/G ratio of 2.27 and a beta of 1.19. The stock has a fifty day moving average of $178.91 and a 200-day moving average of $182.84. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.
PTC (NASDAQ:PTC - Get Free Report) last released 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 net margin of 16.95% and a return on equity of 14.49%. On average, analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.
Insider Activity
In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.
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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