PTC Inc. (NASDAQ:PTC) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its position in PTC Inc. (NASDAQ:PTC) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,246 shares of the technology company’s stock after buying an additional 12,177 shares during the period. Natixis Advisors LLC owned about 0.07% of PTC worth $14,939,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allworth Financial LP grew its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Assetmark Inc. raised its position 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 acquiring an additional 297 shares during the period. Brooklyn Investment Group purchased a new position in PTC during the third quarter valued at $66,000. Smartleaf Asset Management LLC grew its position in shares of PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after purchasing an additional 205 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in shares of PTC during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $161.24 on Thursday. The firm’s 50-day moving average is $173.31 and its two-hundred day moving average is $181.46. PTC Inc. has a 12 month low of $151.80 and a 12 month 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. The company has a market capitalization of $19.40 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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 predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity

In related 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 completion of the transaction, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the topic of several research analyst reports. KeyCorp lifted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. 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. Finally, Citigroup dropped their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average price target of $210.09.

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.