Vontobel Holding Ltd. Acquires 26,327 Shares of PTC Inc. (NASDAQ:PTC)

Vontobel Holding Ltd. raised its holdings in PTC Inc. (NASDAQ:PTC) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,019 shares of the technology company’s stock after buying an additional 26,327 shares during the period. Vontobel Holding Ltd. owned about 0.19% of PTC worth $42,477,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PTC. Covestor Ltd grew its stake in PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC during the third quarter worth approximately $66,000. Blue Trust Inc. grew its position in shares of PTC by 473.9% in the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after purchasing an additional 654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC during the third quarter worth approximately $152,000. Finally, Signaturefd LLC increased its stake in shares of PTC by 9.3% during the third quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after purchasing an additional 76 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

PTC stock opened at $167.93 on Friday. The business has a 50 day moving average of $187.36 and a 200-day moving average of $183.50. The company has a market capitalization of $20.21 billion, a P/E ratio of 51.83, a P/E/G ratio of 2.33 and a beta of 1.19. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.78.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. On average, equities research analysts predict that PTC Inc. will post 4.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PTC. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock worth $3,630,716 in the last quarter. Company 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.