Mufg Securities Americas Inc. Purchases Shares of 1,774 PTC Inc. (NASDAQ:PTC)

Mufg Securities Americas Inc. purchased a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,774 shares of the technology company's stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its stake in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after buying an additional 55 shares in the last quarter. Wahed Invest LLC boosted its stake in PTC by 2.1% in the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock worth $539,000 after purchasing an additional 61 shares in the last quarter. Allworth Financial LP boosted its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Otter Creek Advisors LLC lifted its stake in shares of PTC by 0.4% during the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock valued at $3,527,000 after acquiring an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC lifted its stake in shares of PTC by 3.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock valued at $542,000 after acquiring an additional 91 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the sale, the executive vice president now directly owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was 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 owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Robert W. Baird boosted 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. Mizuho lowered their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, KeyCorp dropped their price objective on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, PTC has an average rating of "Moderate Buy" and a consensus price target of $187.15.

PTC Stock Up 0.4%

PTC stock traded up $0.65 on Thursday, hitting $169.78. 252,638 shares of the stock traded hands, compared to its average volume of 1,031,934. 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 firm has a market cap of $20.36 billion, a P/E ratio of 52.43, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The business's fifty day simple moving average is $155.59 and its 200 day simple moving average is $173.81. 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 posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. PTC's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

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.