B. Metzler seel. Sohn & Co. AG Raises Stock Position in PTC Inc. (NASDAQ:PTC)

B. Metzler seel. Sohn & Co. AG grew its stake in PTC Inc. (NASDAQ:PTC) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,704 shares of the technology company’s stock after purchasing an additional 869 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in PTC were worth $1,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PTC. Allworth Financial LP grew its stake in 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 purchasing an additional 69 shares during the period. Assetmark Inc. boosted its holdings in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after buying an additional 297 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of PTC in the 4th quarter worth about $77,000. Smartleaf Asset Management LLC increased its stake in shares of PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after acquiring an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in PTC during the 4th quarter valued at about $84,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

PTC Stock Performance

PTC stock opened at $157.16 on Thursday. 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 $150.93 and a 1 year high of $203.09. The company has a market cap of $18.91 billion, a P/E ratio of 48.51, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The stock’s fifty day moving average price is $167.93 and its 200-day moving average price is $180.66.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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 analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Citigroup reduced 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. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Stifel Nicolaus upped their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Five research 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 an average 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.