PTC Inc. (NASDAQ:PTC) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group lifted its holdings in PTC Inc. (NASDAQ:PTC) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,378 shares of the technology company’s stock after buying an additional 20,410 shares during the period. Schroder Investment Management Group owned approximately 0.15% of PTC worth $32,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP raised its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Assetmark Inc. raised its stake in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the period. New Age Alpha Advisors LLC acquired a new position in PTC in the 4th quarter valued at about $77,000. Smartleaf Asset Management LLC grew its stake in shares of PTC by 83.0% in 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 period. Finally, Sentry Investment Management LLC acquired a new stake in PTC during the fourth quarter worth $84,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PTC shares. Citigroup decreased their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. KeyCorp lifted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 0.8 %

Shares of NASDAQ:PTC opened at $156.20 on Wednesday. The company has a market cap of $18.79 billion, a PE ratio of 48.21, a P/E/G ratio of 2.27 and a beta of 1.22. The company’s 50 day moving average is $168.55 and its two-hundred day moving average is $180.83. PTC Inc. has a 52 week low of $151.80 and a 52 week high of $203.09. 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) last posted 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%. Equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal 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.