6,256 Shares in PTC Inc. (NASDAQ:PTC) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,256 shares of the technology company’s stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTC. Raymond James Financial Inc. bought a new stake in shares of PTC in the 4th quarter valued at about $146,712,000. Fernbridge Capital Management LP grew its position in shares of PTC by 83.7% in the 3rd 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 during the last quarter. D1 Capital Partners L.P. bought a new stake in shares of PTC in the 3rd quarter valued at about $84,549,000. Massachusetts Financial Services Co. MA boosted its position in shares of PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after purchasing an additional 150,652 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other PTC 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 directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Citigroup cut their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

Shares of PTC opened at $161.24 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 2.27 and a beta of 1.22. The stock has a 50 day moving average of $173.31 and a 200 day moving average of $181.46. PTC Inc. has a 12 month low of $151.80 and a 12 month high of $203.09.

PTC (NASDAQ:PTC) last issued 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 net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share 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.