E. Ohman J or Asset Management AB Acquires 350 Shares of PTC Inc. (NASDAQ:PTC)

E. Ohman J or Asset Management AB grew its holdings in PTC Inc. (NASDAQ:PTC) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,350 shares of the technology company’s stock after buying an additional 350 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in PTC were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PTC. Creative Planning raised its position in shares of PTC by 20.5% in the second quarter. Creative Planning now owns 5,185 shares of the technology company’s stock valued at $942,000 after purchasing an additional 882 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of PTC in the second quarter valued at approximately $519,000. Park Avenue Securities LLC purchased a new position in PTC during the third quarter valued at approximately $276,000. Czech National Bank grew its stake in PTC by 7.2% during the third quarter. Czech National Bank now owns 24,472 shares of the technology company’s stock valued at $4,421,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in PTC during the third quarter valued at approximately $67,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This represents a 19.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,242 shares of company stock valued at $3,630,716. Corporate insiders own 0.32% of the company’s stock.

PTC Price Performance

PTC stock opened at $189.76 on Thursday. PTC Inc. has a one year low of $163.30 and a one year high of $203.09. The stock has a market cap of $22.84 billion, a PE ratio of 61.02, a P/E/G ratio of 2.62 and a beta of 1.19. The firm has a 50 day simple moving average of $190.67 and a two-hundred day simple moving average of $183.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.37% and a return on equity of 14.63%. On average, analysts predict that PTC Inc. will post 4.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Wednesday. Piper Sandler boosted their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

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.