Ethic Inc. Has $3.43 Million Stake in PTC Inc. (NASDAQ:PTC)

Ethic Inc. grew its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 16.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,632 shares of the technology company's stock after acquiring an additional 2,649 shares during the quarter. Ethic Inc.'s holdings in PTC were worth $3,426,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of 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 valued at $39,212,000 after buying an additional 9,893 shares during the period. Oak Thistle LLC acquired a new stake in shares of PTC in the fourth quarter valued at $1,113,000. Proficio Capital Partners LLC acquired a new stake in shares of PTC in the fourth quarter valued at $8,858,000. Avantax Advisory Services Inc. acquired a new stake in shares of PTC in the fourth quarter valued at $223,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock valued at $84,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Up 0.3%

NASDAQ:PTC traded up $0.51 during trading hours on Wednesday, hitting $171.47. 929,842 shares of the company's stock traded hands, compared to its average volume of 877,533. The firm has a market cap of $20.57 billion, a P/E ratio of 52.92, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a twelve month low of $133.38 and a twelve month 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 stock's fifty day moving average price is $153.91 and its two-hundred day moving average price is $174.33.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly 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. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same period in the previous year, the firm earned $1.46 earnings per share. PTC's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company'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 completion of the sale, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 622 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

PTC has been the subject of several research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price objective (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Mizuho reduced their target price on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus reduced their target price on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, BMO Capital Markets upped their target price on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.15.

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.