Atria Investments Inc Purchases 259 Shares of PTC Inc. (NASDAQ:PTC)

Atria Investments Inc lifted its position in PTC Inc. (NASDAQ:PTC) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,714 shares of the technology company’s stock after acquiring an additional 259 shares during the quarter. Atria Investments Inc’s holdings in PTC were worth $499,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PTC. Covestor Ltd lifted its holdings in PTC by 70.8% during 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 in the last quarter. Allworth Financial LP lifted its holdings in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. lifted its holdings in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after buying an additional 297 shares in the last quarter. Brooklyn Investment Group bought a new stake in PTC during the 3rd quarter valued at about $66,000. Finally, Smartleaf Asset Management LLC lifted its holdings in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after buying an additional 205 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Up 1.6 %

PTC stock opened at $155.80 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 52 week low of $151.80 and a 52 week high of $203.09. The firm has a 50 day moving average of $174.75 and a 200 day moving average of $181.81. The stock has a market capitalization of $18.75 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS 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%. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PTC. KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday, March 9th. JPMorgan Chase & Co. raised their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, 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. Four 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, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC 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.