Ethic Inc. Acquires 2,649 Shares of PTC Inc. (NASDAQ:PTC)

Ethic Inc. lifted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,632 shares of the technology company’s stock after buying an additional 2,649 shares during the quarter. Ethic Inc.’s holdings in PTC were worth $3,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PTC. Bank Julius Baer & Co. Ltd Zurich grew its holdings in PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after acquiring an additional 9,893 shares during the period. Oak Thistle LLC acquired a new stake in shares of PTC during the fourth quarter worth $1,113,000. Proficio Capital Partners LLC bought a new stake in PTC in the fourth quarter valued at about $8,858,000. Avantax Advisory Services Inc. acquired a new position in PTC in the fourth quarter valued at about $223,000. Finally, Jones Financial Companies Lllp boosted its holdings in PTC by 1,140.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after buying an additional 422 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Trading Down 1.1 %

NASDAQ:PTC opened at $162.94 on Friday. The company has a market cap of $19.54 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The business has a 50 day moving average price of $153.52 and a two-hundred day moving average price of $174.54. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same quarter last year, the firm earned $1.46 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on PTC from $183.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Oppenheimer decreased their price target on shares of PTC from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Mizuho dropped their price objective on PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays decreased their target price on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.15.

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.