Banque Transatlantique SA Makes New Investment in PTC Inc. (NASDAQ:PTC)

Banque Transatlantique SA bought a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,600 shares of the technology company's stock, valued at approximately $1,759,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG increased its holdings in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after buying an additional 55 shares during the last quarter. Wahed Invest LLC increased its stake in shares of PTC by 2.1% during the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after purchasing an additional 61 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP boosted its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Finally, Otter Creek Advisors LLC increased its position in PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after buying an additional 80 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PTC shares. Mizuho lowered their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research report on Monday. Oppenheimer dropped their target price on shares of PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Finally, BMO Capital Markets boosted their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and an average target price of $187.15.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value 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. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company's stock.

PTC Trading Up 1.5 %

Shares of PTC stock traded up $2.33 on Wednesday, reaching $161.05. The company had a trading volume of 649,912 shares, compared to its average volume of 869,971. The stock has a market cap of $19.32 billion, a PE ratio of 49.71, a PEG ratio of 2.27 and a beta of 1.19. The company has a 50-day moving average of $153.39 and a 200-day moving average of $174.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same quarter last year, the business posted $1.46 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current 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.