Skandinaviska Enskilda Banken AB publ Acquires 27,020 Shares of PTC Inc. (NASDAQ:PTC)

Skandinaviska Enskilda Banken AB publ lifted its holdings in PTC Inc. (NASDAQ:PTC) by 14.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 218,222 shares of the technology company’s stock after acquiring an additional 27,020 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in PTC were worth $40,078,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PTC. Covestor Ltd boosted its stake in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 80 shares in the last quarter. Allworth Financial LP boosted its position in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Assetmark Inc. boosted its position in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of PTC in the 3rd quarter worth approximately $66,000. Finally, Smartleaf Asset Management LLC increased its position in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after buying an additional 205 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PTC. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Citigroup dropped their price target 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. KeyCorp lifted their target price 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 price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Down 0.2 %

Shares of NASDAQ:PTC opened at $157.00 on Thursday. The company has a 50-day moving average price of $175.92 and a 200 day moving average price of $182.11. PTC Inc. has a 12 month low of $155.53 and a 12 month high of $203.09. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 48.46, 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 (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. As a group, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.