Assetmark Inc. Boosts Stock Position in PTC Inc. (NASDAQ:PTC)

Assetmark Inc. raised its position in PTC Inc. (NASDAQ:PTC) by 825.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333 shares of the technology company’s stock after purchasing an additional 297 shares during the period. Assetmark Inc.’s holdings in PTC were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fernbridge Capital Management LP lifted its stake in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares during the period. D1 Capital Partners L.P. purchased a new position in shares of PTC in the 3rd quarter worth $84,549,000. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after purchasing an additional 150,652 shares during the period. JPMorgan Chase & Co. raised its stake in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares during the period. Finally, State Street Corp lifted its stake in shares of PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of PTC opened at $155.80 on Friday. PTC Inc. has a one year low of $151.80 and a one year high of $203.09. The stock’s fifty day moving average is $174.75 and its 200-day moving average is $181.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released 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%. Equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Analyst Ratings Changes

PTC has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Company 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.