PTC Inc. (NASDAQ:PTC) is Independent Family Office LLC’s 2nd Largest Position

Independent Family Office LLC decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,209 shares of the technology company’s stock after selling 8,091 shares during the quarter. PTC comprises about 12.5% of Independent Family Office LLC’s investment portfolio, making the stock its 2nd biggest holding. Independent Family Office LLC owned about 0.11% of PTC worth $24,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Bank Pictet & Cie Europe AG grew its holdings in shares of PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares during the period. Wedmont Private Capital grew its holdings 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 acquiring an additional 64 shares during the period. Allworth Financial LP grew its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Otter Creek Advisors LLC grew its holdings in shares of PTC by 0.4% in the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock worth $3,527,000 after acquiring an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of PTC by 3.2% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock worth $542,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Up 1.9 %

PTC stock opened at $158.79 on Tuesday. The stock has a market cap of $19.11 billion, a P/E ratio of 49.01, a PEG ratio of 2.27 and a beta of 1.22. 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 1 year low of $151.80 and a 1 year high of $203.09. The firm’s 50 day moving average price is $174.23 and its 200-day moving average price is $181.73.

PTC (NASDAQ:PTC) last released its quarterly earnings data 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%. On average, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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