E. Ohman J or Asset Management AB Purchases 350 Shares of PTC Inc. (NASDAQ:PTC)

E. Ohman J or Asset Management AB lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,350 shares of the technology company’s stock after acquiring an additional 350 shares during the period. E. Ohman J or Asset Management AB’s holdings in PTC were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedmont Private Capital lifted its stake in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. IFM Investors Pty Ltd lifted 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 valued at $4,690,000 after purchasing an additional 66 shares during the last quarter. Metis Global Partners LLC lifted its stake in PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC lifted its stake in PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after purchasing an additional 76 shares during the last quarter. Finally, Equitable Trust Co. lifted its stake in PTC by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock valued at $651,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PTC shares. Royal Bank of Canada raised their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday. Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and lowered their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.00.

PTC Trading Down 0.7 %

NASDAQ:PTC opened at $189.76 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 61.02, a PEG ratio of 2.62 and a beta of 1.19. The firm has a fifty day simple moving average of $190.67 and a two-hundred day simple moving average of $183.69. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly earnings results 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 14.63% and a net margin of 16.37%. Analysts expect that PTC Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity

In other PTC news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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 represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock worth $3,630,716 over the last three months. 0.32% of the stock is currently owned by insiders.

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.