International Assets Investment Management LLC Acquires 28,224 Shares of PTC Inc. (NASDAQ:PTC)

International Assets Investment Management LLC grew its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9,600.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,518 shares of the technology company's stock after buying an additional 28,224 shares during the quarter. International Assets Investment Management LLC's holdings in PTC were worth $4,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the business. Fiera Capital Corp grew its position in PTC by 2.6% in the third quarter. Fiera Capital Corp now owns 3,490 shares of the technology company's stock valued at $494,000 after acquiring an additional 90 shares during the period. Logan Capital Management Inc. increased its position in shares of PTC by 1.2% in the 3rd quarter. Logan Capital Management Inc. now owns 7,914 shares of the technology company's stock valued at $1,121,000 after buying an additional 92 shares in the last quarter. Weil Company Inc. raised its position in shares of PTC by 0.6% during the third quarter. Weil Company Inc. now owns 16,544 shares of the technology company's stock worth $2,344,000 after purchasing an additional 104 shares during the period. Fifth Third Bancorp lifted its stake in PTC by 6.7% in the third quarter. Fifth Third Bancorp now owns 2,064 shares of the technology company's stock valued at $292,000 after buying an additional 129 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of PTC by 1.8% in the third quarter. Nordea Investment Management AB now owns 8,598 shares of the technology company's stock valued at $1,230,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PTC. Oppenheimer upped their target price on PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Rosenblatt Securities restated a "buy" rating and issued a $195.00 target price on shares of PTC in a report on Friday, April 12th. Robert W. Baird raised their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an "outperform" rating in a research report on Thursday, May 2nd. Citigroup cut their price target on PTC from $195.00 to $187.00 and set a "neutral" rating on the stock in a report on Thursday, May 2nd. Finally, KeyCorp boosted their target price on shares of PTC from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, PTC presently has an average rating of "Moderate Buy" and a consensus price target of $200.64.

Insider Transactions at PTC

In other PTC news, insider Catherine Kniker sold 1,330 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.17% of the company's stock.

PTC Stock Performance

NASDAQ PTC traded up $1.67 during trading hours on Thursday, reaching $180.00. The stock had a trading volume of 537,526 shares, compared to its average volume of 852,717. The stock has a fifty day moving average of $183.03 and a 200 day moving average of $172.13. The stock has a market cap of $21.55 billion, a P/E ratio of 74.62, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32. PTC Inc. has a 52-week low of $128.61 and a 52-week high of $194.24.

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.