Addison Capital Co Acquires 208 Shares of PTC Inc. (NASDAQ:PTC)

Addison Capital Co grew its holdings in PTC Inc. (NASDAQ:PTC) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,364 shares of the technology company’s stock after acquiring an additional 208 shares during the quarter. Addison Capital Co’s holdings in PTC were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mirabella Financial Services LLP raised its stake in PTC by 542.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after purchasing an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. bought a new position in shares of PTC during the 3rd quarter worth about $84,549,000. Citigroup Inc. lifted its stake in shares of PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after buying an additional 32,984 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after buying an additional 9,893 shares during the period. Finally, JPMorgan Chase & Co. grew its position in PTC by 33.7% during the third 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 in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC opened at $155.80 on Monday. The stock has a market capitalization of $18.75 billion, a P/E ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1 year low of $151.80 and a 1 year high of $203.09. The firm has a 50 day moving average of $174.75 and a 200-day moving average of $181.86. 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 (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

PTC has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. KeyCorp lifted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

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.