PTC Inc. (NASDAQ:PTC) Shares Purchased by Natixis

Natixis increased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 328.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,114 shares of the technology company's stock after purchasing an additional 9,287 shares during the quarter. Natixis' holdings in PTC were worth $2,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its position in PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after acquiring an additional 55 shares in the last quarter. Wedmont Private Capital increased its holdings in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after buying an additional 64 shares during the period. Allworth Financial LP increased its holdings in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the period. Otter Creek Advisors LLC increased its holdings in PTC by 0.4% in the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after buying an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC boosted its position in PTC by 3.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock worth $542,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 in the company, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent research reports. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Barclays cut their target price on PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer cut their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Mizuho cut their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. 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 data from MarketBeat, PTC presently has an average rating of "Moderate Buy" and a consensus target price of $190.38.

PTC Stock Up 1.6 %

Shares of PTC traded up $2.39 during midday trading on Friday, reaching $154.03. The stock had a trading volume of 1,016,811 shares, compared to its average volume of 876,202. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The company's fifty day simple moving average is $154.42 and its two-hundred day simple moving average is $176.25. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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%. Equities research analysts expect 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.