PTC Inc. (NASDAQ:PTC) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in PTC Inc. (NASDAQ:PTC) by 6.7% in the fourth quarter, HoldingsChannel reports. The fund owned 986,835 shares of the technology company’s stock after acquiring an additional 62,379 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in PTC were worth $181,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position 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 buying an additional 240,080 shares in the last quarter. State Street Corp raised its holdings in PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares during the last quarter. Geode Capital Management LLC lifted its stake in PTC by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company’s stock worth $555,626,000 after purchasing an additional 67,504 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after purchasing an additional 30,525 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 36,231 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Price Performance

PTC stock opened at $149.53 on Friday. The firm has a fifty day moving average of $167.14 and a 200-day moving average of $180.45. PTC Inc. has a 52-week low of $146.90 and a 52-week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $17.99 billion, a P/E ratio of 46.15, a PEG ratio of 2.27 and a beta of 1.22.

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

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred 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 transaction, the director now owns 7,604 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price 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. KeyCorp raised 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. Citigroup dropped their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.