Asset Management One Co. Ltd. Purchases 1,651 Shares of PTC Inc. (NASDAQ:PTC)

Asset Management One Co. Ltd. lifted its position in PTC Inc. (NASDAQ:PTC) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,640 shares of the technology company’s stock after buying an additional 1,651 shares during the period. Asset Management One Co. Ltd.’s holdings in PTC were worth $8,065,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 61 shares during the period. Diversified Trust Co boosted its stake in PTC by 2.9% in the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after purchasing an additional 62 shares during the period. First Horizon Advisors Inc. boosted its stake in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the period. IFM Investors Pty Ltd boosted its stake in PTC by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after purchasing an additional 66 shares during the period. Finally, Signaturefd LLC boosted its stake in PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after purchasing an additional 76 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 4.0 %

PTC stock opened at $190.05 on Friday. The stock has a market cap of $22.83 billion, a P/E ratio of 77.57, a P/E/G ratio of 2.74 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a twelve month low of $148.01 and a twelve month high of $199.48. The company’s 50-day moving average price is $179.76 and its two-hundred day moving average price is $178.21.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. PTC had a net margin of 13.32% and a return on equity of 13.36%. The firm had revenue of $626.55 million for the quarter, compared to analysts’ expectations of $620.49 million. As a group, analysts expect that PTC Inc. will post 3.51 EPS for the current year.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Piper Sandler increased their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Robert W. Baird increased their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $204.83.

Insider Transactions at PTC

In other news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.17% of the company’s stock.

PTC 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.