J. Safra Sarasin Holding AG Has $14.81 Million Stake in PTC Inc. (NASDAQ:PTC)

J. Safra Sarasin Holding AG cut its position in shares of PTC Inc. (NASDAQ:PTC) by 21.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 80,543 shares of the technology company’s stock after selling 22,620 shares during the period. J. Safra Sarasin Holding AG’s holdings in PTC were worth $14,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. grew its position in PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Oak Thistle LLC acquired a new stake in PTC in the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC bought a new stake in PTC during the 4th quarter worth about $8,858,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of PTC during the 4th quarter worth about $223,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at PTC

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction on Monday, March 17th. The stock was 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 directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Down 0.3 %

PTC stock opened at $143.56 on Monday. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 2.27 and a beta of 1.17. The business’s fifty day moving average price is $156.63 and its two-hundred day moving average price is $177.37.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PTC shares. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Barclays lowered their target price on shares of PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. KeyCorp cut their price target on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.67.

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.