Smartleaf Asset Management LLC Acquires 205 Shares of PTC Inc. (NASDAQ:PTC)

Smartleaf Asset Management LLC raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 83.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452 shares of the technology company’s stock after purchasing an additional 205 shares during the period. Smartleaf Asset Management LLC’s holdings in PTC were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank Pictet & Cie Europe AG grew its holdings in shares of PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares during the period. Wedmont Private Capital grew its holdings in shares of PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after acquiring an additional 64 shares during the period. Allworth Financial LP grew its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Metis Global Partners LLC grew its holdings in shares of PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 73 shares during the period. Finally, Equitable Trust Co. grew its holdings in shares of PTC by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock worth $651,000 after acquiring an additional 79 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ PTC opened at $162.65 on Friday. The business’s fifty day moving average price is $177.45 and its 200-day moving average price is $182.49. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 2.27 and a beta of 1.22. 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 Inc. has a 1-year low of $155.53 and a 1-year high of $203.09.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on PTC. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus upped their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $210.09.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

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.