PTC Inc. (NASDAQ:PTC) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,841 shares of the technology company's stock after acquiring an additional 4,573 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.13% of PTC worth $25,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in PTC. Lindbrook Capital LLC lifted its stake in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares during the period. Resources Management Corp CT ADV boosted its holdings in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company's stock worth $43,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of PTC in the fourth quarter worth $46,000. Van ECK Associates Corp increased its holdings in shares of PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company's stock valued at $92,000 after acquiring an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of PTC in the 4th quarter worth about $124,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PTC has been the topic of several analyst reports. Robert W. Baird upped their target price on shares of PTC from $210.00 to $216.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Rosenblatt Securities reiterated a "buy" rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $202.00 price objective on shares of PTC in a research note on Thursday, February 1st. Finally, Oppenheimer boosted their price objective on PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, PTC has an average rating of "Moderate Buy" and an average price target of $200.64.

PTC Stock Performance

Shares of NASDAQ PTC traded up $0.01 during midday trading on Friday, reaching $184.22. The company had a trading volume of 1,216,961 shares, compared to its average volume of 843,470. PTC Inc. has a 1 year low of $129.47 and a 1 year high of $194.24. The business's 50-day simple moving average is $182.66 and its 200 day simple moving average is $173.73. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The stock has a market cap of $22.05 billion, a P/E ratio of 77.08, a P/E/G ratio of 3.46 and a beta of 1.19.

PTC Profile

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.