UniSuper Management Pty Ltd Purchases 1,400 Shares of PTC Inc. (NASDAQ:PTC)

UniSuper Management Pty Ltd grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,130 shares of the technology company’s stock after buying an additional 1,400 shares during the quarter. UniSuper Management Pty Ltd’s holdings in PTC were worth $5,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP grew its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Assetmark Inc. grew its holdings in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the last quarter. Brooklyn Investment Group purchased a new position in PTC in the 3rd quarter worth about $66,000. Smartleaf Asset Management LLC lifted its holdings in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after buying an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in PTC in the 4th quarter valued at about $84,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PTC. 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 report on Wednesday, December 18th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.32% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $154.80 on Friday. The company has a market capitalization of $18.63 billion, a PE ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a 50-day simple moving average of $169.84 and a two-hundred day simple moving average of $180.87. PTC Inc. has a one year low of $151.80 and a one year high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.