Y Intercept Hong Kong Ltd Has $227,000 Stake in PTC Inc. (NASDAQ:PTC)

Y Intercept Hong Kong Ltd reduced its position in shares of PTC Inc. (NASDAQ:PTC) by 79.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,236 shares of the technology company’s stock after selling 4,926 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PTC were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fernbridge Capital Management LP grew its position in shares of PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in PTC during the third quarter worth approximately $84,549,000. Massachusetts Financial Services Co. MA increased its stake in 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 acquiring an additional 150,652 shares during the period. JPMorgan Chase & Co. lifted its position in shares of PTC by 33.7% during 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 grew its holdings in shares of PTC by 2.7% during the 3rd 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 institutional investors.

PTC Stock Performance

NASDAQ:PTC opened at $158.44 on Wednesday. The stock’s 50-day moving average is $178.91 and its 200-day moving average is $182.84. The stock has a market cap of $19.06 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 1-year low of $155.53 and a 1-year high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last posted 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 research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on PTC. Stifel Nicolaus boosted their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird upped their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.