Sciencast Management LP Makes New Investment in PTC Inc (NASDAQ:PTC)

Sciencast Management LP acquired a new position in shares of PTC Inc (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,400 shares of the technology company’s stock, valued at approximately $1,176,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of PTC by 631.4% in the 2nd quarter. Invesco Ltd. now owns 1,500,604 shares of the technology company’s stock valued at $134,694,000 after purchasing an additional 1,295,423 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of PTC by 76.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,202,639 shares of the technology company’s stock valued at $150,176,000 after purchasing an additional 951,754 shares during the last quarter. Kensico Capital Management Corp acquired a new position in shares of PTC in the 3rd quarter valued at $61,703,000. BlackRock Inc. lifted its stake in shares of PTC by 6.0% in the 2nd quarter. BlackRock Inc. now owns 13,287,737 shares of the technology company’s stock valued at $1,192,707,000 after purchasing an additional 751,495 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of PTC in the 4th quarter valued at $43,293,000. 85.78% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on PTC shares. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a report on Tuesday, December 17th. Evercore ISI reiterated a “buy” rating and issued a $104.00 price objective on shares of PTC in a report on Sunday, November 24th. Barclays started coverage on PTC in a report on Monday, November 4th. They issued an “overweight” rating and a $81.00 price objective on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $83.00 price objective on shares of PTC in a report on Tuesday, November 26th. Finally, Citigroup cut their price objective on PTC from $89.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. PTC presently has a consensus rating of “Hold” and an average target price of $87.47.

In other news, EVP Kathleen Mitford sold 340 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.50, for a total transaction of $26,010.00. Following the completion of the transaction, the executive vice president now directly owns 20,592 shares of the company’s stock, valued at approximately $1,575,288. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $74.65, for a total value of $1,866,250.00. In the last 90 days, insiders have sold 26,303 shares of company stock worth $1,962,313. 9.91% of the stock is owned by company insiders.

Shares of NASDAQ PTC opened at $80.82 on Friday. The stock’s 50-day moving average is $75.67 and its two-hundred day moving average is $72.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.23 and a quick ratio of 1.23. PTC Inc has a 1-year low of $62.05 and a 1-year high of $102.47. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 88.81 and a beta of 1.14.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. PTC had a return on equity of 12.23% and a net margin of 2.33%. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $333.86 million. During the same quarter in the prior year, the business earned $0.45 EPS. PTC’s revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that PTC Inc will post 1.32 earnings per share for the current fiscal year.

PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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