Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,087 Shares of PTC Inc. (NASDAQ:PTC)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 9.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,547 shares of the technology company’s stock after acquiring an additional 1,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PTC were worth $2,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PTC. Legacy Financial Group LLC bought a new stake in shares of PTC during the 3rd quarter valued at $28,000. Lindbrook Capital LLC increased its position in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares in the last quarter. CWM LLC increased its position in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after buying an additional 75 shares in the last quarter. Finally, Delta Capital Management LLC bought a new stake in shares of PTC in the 4th quarter valued at $205,000. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock worth $6,457,478 in the last three months. Insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho upped their price objective on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a research report on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $210.00 target price on shares of PTC in a research note on Tuesday, April 2nd. Finally, Barclays upped their target price on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $202.40.

PTC Trading Up 0.0 %

PTC stock opened at $180.50 on Thursday. The firm has a 50-day moving average of $183.53 and a 200-day moving average of $169.70. PTC Inc. has a one year low of $120.62 and a one year high of $194.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 91.62, a P/E/G ratio of 3.22 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The company had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. On average, equities analysts expect that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

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.