Martingale Asset Management L P Invests $1.16 Million in PTC Inc. (NASDAQ:PTC)

Martingale Asset Management L P purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,330 shares of the technology company’s stock, valued at approximately $1,164,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in shares of PTC in the 4th quarter worth approximately $30,000. Allworth Financial LP lifted 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 acquiring an additional 69 shares during the period. Assetmark Inc. lifted its stake in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after acquiring an additional 297 shares during the period. New Age Alpha Advisors LLC bought a new stake in PTC in the fourth quarter valued at $77,000. Finally, Smartleaf Asset Management LLC increased 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 valued at $83,000 after purchasing an additional 205 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In other PTC news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were 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 approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

PTC Stock Up 1.1 %

Shares of NASDAQ:PTC opened at $145.32 on Friday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 2.27 and a beta of 1.17. The stock has a fifty day simple moving average of $159.47 and a two-hundred day simple moving average of $178.57. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last announced 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 return on equity of 14.49% and a net margin of 16.95%. On average, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a research report on Wednesday. Citigroup lowered 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. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, KeyCorp lifted their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, PTC presently has an average rating of “Hold” and an average target price of $204.60.

About PTC

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.