4 days Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its stake in shares of PTC Inc. ( NASDAQ:PTC – Free Report ) by 1.
6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 91,563 shares of the technology company’s stock after selling 1,496 shares during the period. Envestnet Asset Management Inc.
’s holdings in PTC were worth $16,836,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc.
grew its holdings in shares of PTC by 1.7% in the fourth quarter. Vanguard Group Inc.
now owns 14,292,492 shares of the technology company’s stock valued at $2,627,961,000 after purchasing an additional 240,080 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PTC by 2.3% in the fourth quarter.
Geode Capital Management LLC now owns 3,029,401 shares of the technology company’s stock worth $555,626,000 after acquiring an additional 67,504 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of PTC by 2.
9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after acquiring an additional 30,525 shares in the last quarter.
Massachusetts Financial Services Co. MA increased its position in shares of PTC by 6.7% during the fourth quarter.
Massachusetts Financial Services Co. MA now owns 986,835 shares of the technology company’s stock worth $181,449,000 after acquiring an additional 62,379 shares during the period. Finally, Charles Schwab Investment Management Inc.
raised its stake in shares of PTC by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 821,962 shares of the technology company’s stock valued at $151,134,000 after acquiring an additional 36,231 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
PTC Price Performance Shares of PTC opened at $147.06 on Wednesday. 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. The stock has a market cap of $17.69 billion, a PE ratio of 45.
39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.
The firm has a fifty day moving average price of $158.12 and a 200 day moving average price of $178.08.
Wall Street Analyst Weigh In Several brokerages have weighed in on PTC. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th.
Mizuho cut their target price on shares of PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday.
Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus increased their price objective on shares of PTC from $200.
00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co.
reaffirmed a “neutral” rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th.
Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.
18. View Our Latest Report on PTC Insider Transactions at PTC In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.
53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.
12. This represents a 7.56 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Insiders own 0.32% of the company’s stock.
PTC Company 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 Articles 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 ). Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.
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