Blair William & Co. IL Raises Stock Position in PTC Inc. (NASDAQ:PTC)

Blair William & Co. IL lifted its holdings in PTC Inc. (NASDAQ:PTC) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,727 shares of the technology company’s stock after buying an additional 159 shares during the period. Blair William & Co. IL’s holdings in PTC were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after buying an additional 9,893 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares during the period. Oak Thistle LLC purchased a new position in shares of PTC during the 4th quarter worth about $1,113,000. Proficio Capital Partners LLC bought a new position in PTC during the 4th quarter valued at about $8,858,000. Finally, Avantax Advisory Services Inc. purchased a new stake in PTC in the 4th quarter worth about $223,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on PTC shares. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp upped their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup cut 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Insider Buying and Selling

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. The trade was a 7.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by company insiders.

PTC Trading Down 6.5 %

NASDAQ PTC opened at $139.77 on Friday. PTC Inc. has a one year low of $139.66 and a one year high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 43.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company’s 50-day simple moving average is $166.16 and its two-hundred day simple moving average is $180.21.

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 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%. Equities analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.