4 days Ago By Defense World Staff
Envestnet Asset Management Inc. cut its holdings in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 1.
6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,563 shares of the technology company’s stock after selling 1,496 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.08% of PTC worth $16,836,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in the business.
Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of PTC by 5.0% in the fourth quarter.
Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after acquiring an additional 9,893 shares during the period. JPMorgan Chase & Co.
raised its stake in PTC by 33.7% in the third quarter. JPMorgan Chase & Co.
now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares during the last quarter. Oak Thistle LLC purchased a new position in PTC in the 4th quarter worth $1,113,000. Proficio Capital Partners LLC acquired a new stake in PTC during the 4th quarter worth about $8,858,000.
Finally, Avantax Advisory Services Inc. acquired a new position in shares of PTC in the fourth quarter valued at about $223,000. 95.
14% of the stock is currently owned by hedge funds and other institutional investors. PTC Trading Up 0.4 %Shares of PTC stock opened at $147.
06 on Wednesday. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 45.
39, a PEG ratio of 2.27 and a beta of 1.17.
The stock has a 50 day simple moving average of $158.12 and a 200-day simple moving average of $178.08.
The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.
69. PTC Inc. has a 1-year low of $133.
38 and a 1-year high of $203.09. PTC (NASDAQ:PTC – Get Free Report) last announced its earnings results on Wednesday, February 5th.
The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.
12). PTC had a net margin of 16.95% and a return on equity of 14.
49%. On average, equities research analysts expect that PTC Inc. will post 4.
46 EPS for the current fiscal year. Analyst Upgrades and DowngradesA number of equities research analysts recently commented on PTC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $204.
00 target price on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $160.
00 price objective (down previously from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Mizuho lowered their price target on shares of PTC from $190.
00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup reduced their price objective on PTC from $200.
00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, KeyCorp boosted their price objective on PTC from $205.
00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.18.
Get Our Latest Analysis on PTCInsider Buying and SellingIn other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.
66. Following the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12.
The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
0.32% of the stock is currently owned by company insiders. PTC Profile (Free Report)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.Featured ArticlesFive stocks we like better than PTC3 Stocks to Consider Buying in OctoberBeware of BigBear.ai: Insiders Are Selling—Should You?Stock Average Calculator CrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsWhat Are Dividend Contenders? Investing in Dividend ContendersCongress! Who Traded What During the Tariff-Induced Meltdown Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC – Free Report)..
