Universal Beteiligungs und Servicegesellschaft mbH Makes New $10.72 Million Investment in PTC Inc. (NASDAQ:PTC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 58,322 shares of the technology company's stock, valued at approximately $10,724,000.

A number of other large investors have also recently bought and sold shares of PTC. Fifth Third Bancorp lifted its position in PTC by 8.5% in the 4th quarter. Fifth Third Bancorp now owns 2,861 shares of the technology company's stock valued at $526,000 after acquiring an additional 223 shares in the last quarter. Blue Trust Inc. lifted its holdings in PTC by 44.3% during the 4th quarter. Blue Trust Inc. now owns 1,143 shares of the technology company's stock worth $206,000 after purchasing an additional 351 shares during the last quarter. Swedbank AB raised its stake in PTC by 9.8% in the 4th quarter. Swedbank AB now owns 67,894 shares of the technology company's stock worth $12,484,000 after purchasing an additional 6,065 shares in the last quarter. Dohj LLC increased its stake in PTC by 6.8% during the 4th quarter. Dohj LLC now owns 2,692 shares of the technology company's stock worth $495,000 after acquiring an additional 172 shares during the period. Finally, Greenleaf Trust bought a new stake in shares of PTC during the 4th quarter worth approximately $214,000. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PTC has been the subject of a number of analyst reports. Citigroup lowered their target price 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. Barclays cut their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Oppenheimer lowered their target price on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus decreased their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and an average price target of $187.15.

PTC Stock Up 0.8%

PTC stock traded up $1.37 during mid-day trading on Tuesday, hitting $168.12. 520,658 shares of the company's stock were exchanged, compared to its average volume of 878,946. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $156.85 and a two-hundred day moving average of $172.26. The stock has a market cap of $20.17 billion, a P/E ratio of 51.89, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same period in the prior year, the company posted $1.46 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the transaction, 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 transaction was disclosed in a legal filing 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 that occurred 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 sale, the executive vice president now directly owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

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.