PTC Inc. (NASDAQ:PTC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in PTC Inc. (NASDAQ:PTC) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,246 shares of the technology company’s stock after buying an additional 12,177 shares during the quarter. Natixis Advisors LLC’s holdings in PTC were worth $14,939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PTC. Raymond James Financial Inc. purchased a new position in PTC in the fourth quarter worth approximately $146,712,000. Fernbridge Capital Management LP raised its holdings in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC during the 3rd quarter worth $84,549,000. Massachusetts Financial Services Co. MA grew its stake 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred 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 directly 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

PTC Stock Up 0.8 %

PTC stock opened at $161.24 on Thursday. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 2.27 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $173.31 and a two-hundred day moving average of $181.46. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PTC shares. JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus price target 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.