PTC Inc. (NASDAQ:PTC) Position Increased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in PTC Inc. (NASDAQ:PTC) by 28.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,646 shares of the technology company’s stock after acquiring an additional 1,241 shares during the period. NEOS Investment Management LLC’s holdings in PTC were worth $1,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Assetmark Inc. boosted its stake 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 during the period. Smartleaf Asset Management LLC grew its position in 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 in the last quarter. Sentry Investment Management LLC acquired a new stake in PTC during the 4th quarter valued at $84,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock valued at $84,000 after purchasing an additional 422 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC opened at $154.80 on Friday. The business’s 50-day simple moving average is $169.84 and its 200-day simple moving average is $180.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a 52 week low of $151.80 and a 52 week high of $203.09. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last posted 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 return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were 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 approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Citigroup reduced their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. KeyCorp raised their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average price target of $210.09.

PTC 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.