1,713 Shares in PTC Inc. (NASDAQ:PTC) Bought by Summit Global Investments

Summit Global Investments purchased a new stake in PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,713 shares of the technology company’s stock, valued at approximately $315,000.

Several other institutional investors have also recently made changes to their positions in PTC. State Street Corp raised its position in shares of PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC raised its holdings in PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after buying an additional 37,645 shares during the last quarter. Fernbridge Capital Management LP lifted its stake in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after buying an additional 30,525 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of PTC by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,962 shares of the technology company’s stock worth $151,134,000 after acquiring an additional 36,231 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PTC shares. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

PTC Trading Up 1.0 %

Shares of PTC stock opened at $161.45 on Tuesday. The firm has a market cap of $19.43 billion, a PE ratio of 49.83, a P/E/G 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 company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a fifty day moving average price of $171.95 and a 200-day moving average price of $181.25.

PTC (NASDAQ:PTC) last posted 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 return on equity of 14.49% and a net margin of 16.95%. Equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

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.