1,213 Shares in PTC Inc. (NASDAQ:PTC) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,213 shares of the technology company’s stock, valued at approximately $223,000.

Several other hedge funds have also recently added to or reduced their stakes in PTC. Cerity Partners LLC grew its holdings in shares of PTC by 51.3% in the 3rd quarter. Cerity Partners LLC now owns 5,768 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 1,955 shares during the last quarter. Swedbank AB increased its stake in PTC by 5.4% in the 3rd quarter. Swedbank AB now owns 61,829 shares of the technology company’s stock worth $11,170,000 after purchasing an additional 3,157 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of PTC by 27.1% during the third quarter. Fisher Asset Management LLC now owns 43,932 shares of the technology company’s stock valued at $7,937,000 after acquiring an additional 9,371 shares during the period. Quantbot Technologies LP purchased a new stake in shares of PTC in the third quarter valued at $3,681,000. Finally, Brooklyn Investment Group purchased a new stake in shares of PTC in the third quarter worth approximately $66,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

PTC Price Performance

PTC opened at $162.15 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company’s 50 day simple moving average is $171.03 and its 200-day simple moving average is $181.11. PTC Inc. has a one year low of $151.80 and a one year high of $203.09. The stock has a market capitalization of $19.51 billion, a P/E ratio of 50.05, 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 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective 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. KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Finally, Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.