PTC Inc. (NASDAQ:PTC) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in PTC Inc. (NASDAQ:PTC) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 152,814 shares of the technology company’s stock after buying an additional 3,743 shares during the quarter. Principal Financial Group Inc.’s holdings in PTC were worth $28,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Advisors LLC boosted its stake in shares of PTC by 3.9% during the 4th quarter. Strategic Advisors LLC now owns 7,646 shares of the technology company’s stock worth $1,406,000 after acquiring an additional 284 shares in the last quarter. Allworth Financial LP boosted its stake in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of PTC by 1.5% during the 4th quarter. Congress Asset Management Co. now owns 672,686 shares of the technology company’s stock worth $123,687,000 after acquiring an additional 9,860 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of PTC by 300.9% during the 4th quarter. Blue Trust Inc. now owns 3,175 shares of the technology company’s stock worth $584,000 after acquiring an additional 2,383 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of 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 represents a 19.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,539 shares of company stock valued at $3,301,697 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

PTC Trading Down 2.5 %

PTC stock opened at $161.65 on Friday. The business has a 50 day moving average price of $182.89 and a two-hundred day moving average price of $183.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 12 month low of $161.02 and a 12 month high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly 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 net margin of 16.95% and a return on equity of 14.49%. As a group, equities analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PTC. JPMorgan Chase & Co. upped 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. Citigroup decreased their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus upped their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird boosted their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

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.