Canada Pension Plan Investment Board grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 303.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,199 shares of the technology company's stock after acquiring an additional 21,955 shares during the quarter. Canada Pension Plan Investment Board's holdings in PTC were worth $5,369,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in PTC in the 4th quarter worth about $146,712,000. Norges Bank purchased a new stake in shares of PTC in the fourth quarter worth approximately $128,852,000. Vanguard Group Inc. lifted its stake in shares of PTC by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after acquiring an additional 240,080 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after acquiring an additional 135,677 shares during the period. Finally, LBP AM SA bought a new position in PTC in the 4th quarter valued at $16,220,000. Institutional investors own 95.14% of the company's stock.
PTC Stock Performance
PTC stock traded up $2.39 during midday trading on Friday, reaching $154.03. The stock had a trading volume of 1,016,811 shares, compared to its average volume of 876,202. 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 firm has a fifty day simple moving average of $154.42 and a two-hundred day simple moving average of $176.25. The stock has a market cap of $18.53 billion, a PE ratio of 47.54, a P/E/G ratio of 2.27 and a beta of 1.17. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09.
PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates 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 research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on PTC shares. KeyCorp lowered their target price on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays lowered their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer decreased their price target on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, BMO Capital Markets cut their price objective on shares of PTC from $220.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $190.38.
Check Out Our Latest Research Report on PTC
Insider Transactions at PTC
In other PTC news, Director Corinna Lathan sold 622 shares of the business's 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 completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company's stock.
PTC Profile
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Free Report)
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.
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