Asset Management One Co. Ltd. Has $8.17 Million Holdings in PTC Inc. (NASDAQ:PTC)

Asset Management One Co. Ltd. lessened its holdings in PTC Inc. (NASDAQ:PTC) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,271 shares of the technology company’s stock after selling 369 shares during the period. Asset Management One Co. Ltd.’s holdings in PTC were worth $8,168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd increased its stake in PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Brooklyn Investment Group purchased a new stake in PTC in the 3rd quarter valued at about $66,000. Blue Trust Inc. increased its stake in PTC by 473.9% in the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after buying an additional 654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC in the 3rd quarter valued at about $152,000. Finally, Signaturefd LLC increased its stake in PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 over the last 90 days. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

PTC Price Performance

Shares of NASDAQ:PTC opened at $171.10 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. The firm has a fifty day moving average price of $186.10 and a 200 day moving average price of $183.44. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts expect that PTC Inc. will post 4.62 earnings per share for the current fiscal 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.