Hsbc Holdings PLC increased its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,426 shares of the technology company's stock after buying an additional 31,978 shares during the period. Hsbc Holdings PLC owned about 0.23% of PTC worth $51,355,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP lifted its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of PTC in the 4th quarter worth $77,000. Finally, Smartleaf Asset Management LLC increased its position in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.
Insider Activity
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 transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company's stock.
Analyst Ratings Changes
PTC has been the subject of several recent analyst reports. Mizuho lowered their price target on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on shares of PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a research note on Tuesday, April 22nd. Citigroup lowered 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. Finally, StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.38.
Read Our Latest Stock Analysis on PTC
PTC Stock Performance
Shares of PTC traded down $0.64 during mid-day trading on Wednesday, reaching $153.01. The company had a trading volume of 231,671 shares, compared to its average volume of 874,042. The stock has a market capitalization of $18.41 billion, a P/E ratio of 47.16, a PEG 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. The stock has a 50 day moving average of $153.82 and a two-hundred day moving average of $175.89. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.
PTC (NASDAQ:PTC - Get Free Report) last posted 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%. On average, analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.
PTC Company Profile
(
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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