Royal London Asset Management Ltd. Has $10.64 Million Stake in PTC Inc. (NASDAQ:PTC)

Royal London Asset Management Ltd. increased its position in PTC Inc. (NASDAQ:PTC) by 19.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,849 shares of the technology company’s stock after purchasing an additional 9,534 shares during the period. Royal London Asset Management Ltd.’s holdings in PTC were worth $10,637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG boosted its stake in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after purchasing an additional 55 shares during the period. Wedmont Private Capital lifted its position in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after buying an additional 64 shares in the last quarter. Allworth Financial LP lifted its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Otter Creek Advisors LLC lifted its position in PTC by 0.4% in the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock worth $3,527,000 after buying an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its position in PTC by 3.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock worth $542,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC opened at $159.84 on Friday. PTC Inc. has a 1 year low of $151.80 and a 1 year high of $203.09. The firm’s fifty day simple moving average is $172.37 and its 200 day simple moving average is $181.23. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.23 billion, a PE ratio of 49.33, a PEG ratio of 2.27 and a beta of 1.22.

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

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PTC. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

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.