Sterling Capital Management LLC Has $11.46 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Sterling Capital Management LLC boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,339 shares of the technology company’s stock after purchasing an additional 815 shares during the quarter. Sterling Capital Management LLC’s holdings in PTC were worth $11,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of PTC in the fourth quarter valued at approximately $146,712,000. Norges Bank acquired a new position in PTC in the 4th quarter valued at $128,852,000. Vanguard Group Inc. grew its holdings in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock valued at $2,627,961,000 after buying an additional 240,080 shares in the last quarter. JPMorgan Chase & Co. increased its position in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after buying an additional 135,677 shares during the period. Finally, LBP AM SA bought a new stake in shares of PTC in the fourth quarter valued at about $16,220,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction on 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 $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup decreased their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.55.

PTC Stock Performance

NASDAQ:PTC opened at $143.76 on Friday. 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 Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. The stock’s 50-day moving average is $160.39 and its 200-day moving average is $178.78. The stock has a market cap of $17.30 billion, a P/E ratio of 44.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC) last released 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%. Equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share 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.