PTC Inc. (NASDAQ:PTC) Stock Holdings Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its position in PTC Inc. (NASDAQ:PTC) by 1,140.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 459 shares of the technology company’s stock after acquiring an additional 422 shares during the period. Jones Financial Companies Lllp’s holdings in PTC were worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PTC. Fernbridge Capital Management LP boosted its holdings 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 worth $258,164,000 after purchasing an additional 650,990 shares during the period. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the third quarter worth approximately $84,549,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of PTC by 19.5% during the third 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. boosted its holdings in shares of PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares during the period. Finally, State Street Corp boosted its holdings 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 during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on PTC. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. KeyCorp lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

Shares of PTC stock opened at $155.80 on Monday. The firm has a fifty day simple moving average of $174.75 and a 200-day simple moving average of $181.86. 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 Inc. has a 1-year low of $151.80 and a 1-year high of $203.09. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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%. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

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.