Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in PTC Inc. (NASDAQ:PTC)

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 86,185 shares of the technology company’s stock after acquiring an additional 6,283 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in PTC were worth $15,847,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Assetmark Inc. boosted its position in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of PTC during the 3rd quarter worth approximately $66,000. Smartleaf Asset Management LLC grew its stake in shares of PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after purchasing an additional 205 shares during the period. Finally, Sentry Investment Management LLC purchased a new position in shares of PTC during the 4th quarter valued at approximately $84,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 622 shares of the firm’s 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 completion of the sale, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target 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. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. KeyCorp increased their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Down 3.4 %

NASDAQ PTC opened at $154.80 on Friday. The business has a fifty day moving average price of $169.84 and a 200 day moving average price of $180.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $18.63 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a one year low of $151.80 and a one year high of $203.09.

PTC (NASDAQ:PTC) last issued 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%. Research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.