Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,185 shares of the technology company’s stock after acquiring an additional 6,283 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of PTC worth $15,847,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PTC. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 69 shares in the last quarter. Assetmark Inc. increased its holdings in PTC by 825.0% during the 4th 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. Brooklyn Investment Group bought a new stake in PTC during the 3rd quarter valued at $66,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $83,000 after buying an additional 205 shares during the period. Finally, Sentry Investment Management LLC bought a new position in shares of PTC during the 4th quarter worth $84,000. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

PTC Stock Down 3.4 %

PTC stock opened at $154.80 on Friday. PTC Inc. has a 1-year low of $151.80 and a 1-year high of $203.09. The business has a fifty day moving average price of $169.84 and a 200-day moving average price of $180.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. Equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PTC shares. KeyCorp lifted their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.