Asset Management One Co. Ltd. Has $7.55 Million Stake in PTC Inc. (NASDAQ:PTC)

Asset Management One Co. Ltd. increased its position in shares of PTC Inc. (NASDAQ:PTC) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,716 shares of the technology company’s stock after acquiring an additional 4,445 shares during the period. Asset Management One Co. Ltd.’s holdings in PTC were worth $7,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PTC. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the 4th quarter valued at $30,000. Pinney & Scofield Inc. acquired a new stake in shares of PTC during the fourth quarter valued at about $47,000. Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the fourth quarter valued at about $51,000. UMB Bank n.a. boosted its position in PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after buying an additional 178 shares during the period. Finally, Assetmark Inc. boosted its position 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 buying an additional 297 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now directly owns 17,731 shares of the company’s stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PTC shares. Oppenheimer reiterated a “cautious” rating on shares of PTC in a research report on Thursday, June 12th. Piper Sandler cut their price target on shares of PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Robert W. Baird lifted their target price on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Barclays cut their target price on PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, KeyCorp cut their target price on PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PTC presently has a consensus rating of “Hold” and a consensus price target of $188.69.

PTC Stock Down 0.1%

PTC stock opened at $169.30 on Friday. The stock’s 50 day simple moving average is $165.11 and its 200 day simple moving average is $168.89. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $20.31 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.42. PTC had a net margin of 18.77% and a return on equity of 15.35%. The company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same quarter in the prior year, the business posted $1.46 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal 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.