Meiji Yasuda Asset Management Co Ltd. Has $538,000 Stock Holdings in PTC Inc. (NASDAQ:PTC)

Meiji Yasuda Asset Management Co Ltd. lifted its stake in PTC Inc. (NASDAQ:PTC) by 14.8% during the second quarter, Holdings Channel.com reports. The fund owned 2,959 shares of the technology company’s stock after buying an additional 382 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in PTC were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares in the last quarter. Rothschild Investment LLC acquired a new position in PTC during the second quarter worth $29,000. International Assets Investment Management LLC bought a new stake in PTC during the second quarter worth $30,000. Finally, OFI Invest Asset Management acquired a new stake in PTC in the second quarter valued at $31,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PTC shares. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Rosenblatt Securities boosted their price target on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Mizuho reissued a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Finally, Piper Sandler raised their price target on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the sale, the director now owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at $2,363,340. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,000 shares of company stock valued at $2,431,330. 1.17% of the stock is currently owned by company insiders.

PTC Stock Down 1.8 %

PTC stock opened at $175.90 on Friday. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 73.60, a PEG ratio of 3.24 and a beta of 1.18. The business’s fifty day moving average price is $174.25 and its two-hundred day moving average price is $178.58.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. On average, equities analysts anticipate that PTC Inc. will post 3.52 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.