Nomura Holdings Inc. Makes New $727,000 Investment in PTC Inc. (NASDAQ:PTC)

Nomura Holdings Inc. acquired a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,955 shares of the technology company's stock, valued at approximately $727,000.

A number of other large investors have also modified their holdings of the company. OMERS ADMINISTRATION Corp raised its position in shares of PTC by 20.7% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,998 shares of the technology company's stock worth $919,000 after purchasing an additional 858 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of PTC by 6.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,138,355 shares of the technology company's stock worth $209,308,000 after purchasing an additional 64,229 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of PTC by 1,753.2% during the 4th quarter. Janus Henderson Group PLC now owns 298,627 shares of the technology company's stock worth $54,909,000 after purchasing an additional 282,513 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of PTC by 58.4% during the 4th quarter. Gotham Asset Management LLC now owns 6,529 shares of the technology company's stock worth $1,200,000 after purchasing an additional 2,407 shares during the last quarter. Finally, Greenvale Capital LLP raised its position in shares of PTC by 12.7% during the 4th quarter. Greenvale Capital LLP now owns 575,000 shares of the technology company's stock worth $105,725,000 after purchasing an additional 65,000 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the firm's 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 completion of the transaction, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade represents a 7.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were 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 $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Oppenheimer reduced their price target on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays dropped their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. KeyCorp dropped their price objective 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. Finally, Piper Sandler dropped their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and an average target price of $187.15.

PTC Stock Performance

NASDAQ:PTC opened at $173.24 on Wednesday. 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 has a market capitalization of $20.78 billion, a P/E ratio of 53.47, a PEG ratio of 2.27 and a beta of 1.19. The company has a 50 day moving average price of $155.32 and a 200 day moving average price of $173.85. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS. Equities research analysts forecast that PTC Inc. will post 4.46 EPS 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.

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