Sendero Wealth Management LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,308 shares of the technology company's stock, valued at approximately $358,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Greenleaf Trust bought a new stake in PTC during the fourth quarter worth approximately $214,000. Trust Point Inc. bought a new stake in PTC during the fourth quarter worth approximately $416,000. Longboard Asset Management LP bought a new stake in PTC during the fourth quarter worth approximately $201,000. E. Ohman J or Asset Management AB grew its position in PTC by 7.0% in the fourth quarter. E. Ohman J or Asset Management AB now owns 5,350 shares of the technology company's stock worth $984,000 after buying an additional 350 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in PTC by 33.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,225 shares of the technology company's stock worth $2,071,000 after buying an additional 2,787 shares during the last quarter. Institutional investors own 95.14% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on PTC. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price target on shares of PTC in a research report on Thursday, May 1st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. BMO Capital Markets lifted their price target on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Mizuho decreased their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.
Check Out Our Latest Report on PTC
Insider Activity
In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction 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 sale, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction 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 owns 17,731 shares of the company's stock, valued at $2,836,960. This represents 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.
PTC Trading Up 1.5%
NASDAQ PTC traded up $2.53 on Friday, hitting $170.34. 545,511 shares of the stock were exchanged, compared to its average volume of 878,016. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 2.27 and a beta of 1.18. The company's 50-day moving average price is $157.82 and its two-hundred day moving average price is $171.67.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business had revenue of $636.37 million for the quarter, compared to analysts' expectations of $608.64 million. During the same period in the previous year, the company posted $1.46 EPS. PTC's revenue was up 5.5% on a year-over-year basis. Research analysts predict that PTC Inc. will post 4.46 EPS for the current year.
About PTC
(
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.
Featured Stories

Before you consider PTC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PTC wasn't on the list.
While PTC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.