Callan Family Office LLC Makes New Investment in PTC Inc. (NASDAQ:PTC)

Callan Family Office LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,132 shares of the technology company’s stock, valued at approximately $392,000.

Other large investors have also modified their holdings of the company. Mirabella Financial Services LLP boosted its position in shares of PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after buying an additional 17,465 shares during the period. D1 Capital Partners L.P. purchased a new position in shares of PTC during the third quarter valued at approximately $84,549,000. Citigroup Inc. boosted its position in shares of PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after buying an additional 32,984 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares during the period. Finally, KBC Group NV boosted its holdings in shares of PTC by 2.1% in the third quarter. KBC Group NV now owns 228,386 shares of the technology company’s stock valued at $41,260,000 after purchasing an additional 4,712 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PTC. Stifel Nicolaus boosted their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

Shares of PTC stock opened at $161.02 on Tuesday. The business’s fifty day simple moving average is $176.99 and its 200-day simple moving average is $182.42. The company has a market cap of $19.37 billion, a PE ratio of 49.70, a PEG ratio of 2.27 and a beta of 1.22. 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 Inc. has a 12-month low of $155.53 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings results 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 return on equity of 14.49% and a net margin of 16.95%. Analysts expect 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.