PTC Inc. (NASDAQ:PTC) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in PTC Inc. (NASDAQ:PTC) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,386 shares of the technology company’s stock after acquiring an additional 3,596 shares during the quarter. Mizuho Securities USA LLC’s holdings in PTC were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. boosted its stake in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after acquiring an additional 297 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of PTC in the 3rd quarter worth $66,000. Smartleaf Asset Management LLC grew 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 acquiring an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of PTC during the fourth quarter valued at $84,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent analyst reports. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Stifel Nicolaus lifted 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred 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 transaction, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

PTC Stock Up 1.0 %

Shares of PTC stock opened at $161.45 on Tuesday. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 49.83, a P/E/G ratio of 2.27 and a beta of 1.22. The stock has a 50-day simple moving average of $171.95 and a 200-day simple moving average of $181.25. PTC Inc. has a 52-week low of $151.80 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last posted its 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 net margin of 16.95% and a return on equity of 14.49%. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.