Alberta Investment Management Corp Purchases Shares of 66,909 PTC Inc. (NASDAQ:PTC)

Alberta Investment Management Corp acquired a new position in PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 66,909 shares of the technology company’s stock, valued at approximately $12,303,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PTC. Bank Pictet & Cie Europe AG increased its stake in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after purchasing an additional 55 shares during the period. Wedmont Private Capital increased its stake in shares of PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after buying an additional 64 shares during the period. IFM Investors Pty Ltd raised its holdings in PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the last quarter. Allworth Financial LP boosted its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the period. Finally, Metis Global Partners LLC grew its holdings in PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC opened at $169.92 on Thursday. The firm’s 50-day simple moving average is $184.34 and its two-hundred day simple moving average is $183.30. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The stock has a market cap of $20.44 billion, a PE ratio of 52.44, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,539 shares of company stock worth $3,301,697. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp boosted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

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.