Fisher Asset Management LLC Grows Stock Position in PTC Inc. (NASDAQ:PTC)

Fisher Asset Management LLC grew its position in shares of PTC Inc. (NASDAQ:PTC) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,057 shares of the technology company’s stock after purchasing an additional 955 shares during the period. Fisher Asset Management LLC’s holdings in PTC were worth $4,209,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PTC. Vanguard Group Inc. increased its holdings in PTC by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. FMR LLC raised its holdings in PTC by 6.0% in the third quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock valued at $281,823,000 after acquiring an additional 113,037 shares in the last quarter. Wellington Management Group LLP boosted its stake in PTC by 1,409.3% during the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after acquiring an additional 1,569,081 shares during the last quarter. Northern Trust Corp grew its holdings in PTC by 15.6% during the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after acquiring an additional 168,917 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of PTC by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock worth $208,600,000 after purchasing an additional 13,468 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Price Performance

NASDAQ PTC opened at $176.03 on Friday. The company has a 50-day moving average price of $177.90 and a two-hundred day moving average price of $178.18. PTC Inc. has a 52 week low of $134.61 and a 52 week high of $194.24. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 73.65, a price-to-earnings-growth ratio of 3.25 and a beta of 1.18. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. PTC had a return on equity of 13.76% and a net margin of 12.84%. The business had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. Analysts forecast that PTC Inc. will post 3.48 EPS for the current year.

Insider Transactions at PTC

In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the sale, the director now directly owns 52,137 shares in the company, valued at $9,290,813.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total value of $712,800.00. Following the completion of the sale, the director now owns 52,137 shares of the company’s stock, valued at approximately $9,290,813.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,846 shares of company stock valued at $2,137,631. 1.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PTC has been the subject of a number of research reports. Citigroup decreased their price target on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird upped their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Barclays lifted their price objective on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Finally, Mizuho reaffirmed a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.73.

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.