Tredje AP fonden Has $1.01 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Tredje AP fonden decreased its position in PTC Inc. (NASDAQ:PTC) by 71.8% during the 4th quarter, Holdings Channel reports. The firm owned 5,500 shares of the technology company’s stock after selling 14,011 shares during the quarter. Tredje AP fonden’s holdings in PTC were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc increased its holdings in PTC by 19.1% during the 4th quarter. Vestcor Inc now owns 5,804 shares of the technology company’s stock valued at $1,067,000 after purchasing an additional 930 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of PTC during the fourth quarter worth $522,000. Avantax Advisory Services Inc. acquired a new stake in shares of PTC in the fourth quarter valued at $223,000. Sequoia Financial Advisors LLC raised its holdings in shares of PTC by 27.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,860 shares of the technology company’s stock valued at $342,000 after buying an additional 399 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in PTC by 1,264.9% during the 4th quarter. Wealthfront Advisers LLC now owns 15,696 shares of the technology company’s stock worth $2,886,000 after buying an additional 14,546 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PTC shares. KeyCorp raised 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. 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 report on Wednesday, December 18th. JPMorgan Chase & Co. upped 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. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Sunday, March 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Up 1.6 %

PTC stock opened at $155.80 on Friday. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 2.27 and a beta of 1.22. The company’s 50 day simple moving average is $174.75 and its 200 day simple moving average is $181.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 EPS 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.