Sciencast Management LP Purchases Shares of 16,532 PTC Inc. (NASDAQ:PTC)

Sciencast Management LP acquired a new stake in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,532 shares of the technology company’s stock, valued at approximately $3,040,000. PTC makes up about 0.8% of Sciencast Management LP’s holdings, making the stock its 29th largest holding.

A number of other hedge funds have also recently made changes to their positions in PTC. Mirabella Financial Services LLP grew its holdings in PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after buying an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in PTC during the 3rd quarter worth $84,549,000. Citigroup Inc. grew its stake in shares of PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after acquiring an additional 32,984 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after purchasing an additional 9,893 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of PTC by 33.7% during 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. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PTC shares. Stifel Nicolaus upped their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, KeyCorp raised their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.09.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

PTC Trading Down 0.0 %

Shares of PTC stock opened at $159.84 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $19.23 billion, a P/E ratio of 49.33, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 52-week low of $151.80 and a 52-week high of $203.09. The stock’s 50-day simple moving average is $172.37 and its 200 day simple moving average is $181.17.

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 net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

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.