Nomura Holdings Inc. Takes $727,000 Position in PTC Inc. (NASDAQ:PTC)

Nomura Holdings Inc. acquired a new stake in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,955 shares of the technology company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in PTC during the 4th quarter worth $30,000. Allworth Financial LP raised its stake in 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. Kapitalo Investimentos Ltda acquired a new stake in PTC during the 4th quarter worth $51,000. Assetmark Inc. raised its stake in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after acquiring an additional 297 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in PTC during the 4th quarter worth $77,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now directly owns 17,731 shares in the company, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PTC. Mizuho cut their price target on shares of PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. KeyCorp cut their price target on shares of PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird lifted their price target on shares of PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. 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 research note on Wednesday, February 5th. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $187.15.

PTC Stock Up 0.5%

Shares of NASDAQ:PTC opened at $173.24 on Wednesday. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 53.47, a PEG ratio of 2.27 and a beta of 1.19. The firm’s 50-day simple moving average is $155.32 and its 200-day simple moving average is $173.85. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.42. The business had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. 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.