B. Metzler seel. Sohn & Co. AG Buys 869 Shares of PTC Inc. (NASDAQ:PTC)

B. Metzler seel. Sohn & Co. AG boosted its stake in PTC Inc. (NASDAQ:PTC) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,704 shares of the technology company’s stock after purchasing an additional 869 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in PTC were worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after acquiring an additional 9,893 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $97,193,000 after purchasing an additional 135,677 shares during the period. Oak Thistle LLC purchased a new position in shares of PTC during the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC bought a new position in shares of PTC in the fourth quarter worth $8,858,000. Finally, Jones Financial Companies Lllp raised its position in shares of PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PTC shares. Citigroup decreased their target price 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 cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. 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 report on Wednesday, December 18th. Finally, KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Up 0.6 %

PTC opened at $157.16 on Thursday. The company has a market cap of $18.91 billion, a P/E ratio of 48.51, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 12 month low of $150.93 and a 12 month high of $203.09. The business’s 50-day moving average price is $167.93 and its 200-day moving average price is $180.66. 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 announced its quarterly earnings data 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insiders Place Their Bets

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

About PTC

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.