E Fund Management Co. Ltd. Has $441,000 Stock Position in PTC Inc. (NASDAQ:PTC)

E Fund Management Co. Ltd. raised its holdings in PTC Inc. (NASDAQ:PTC) by 39.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,399 shares of the technology company’s stock after acquiring an additional 684 shares during the quarter. E Fund Management Co. Ltd.’s holdings in PTC were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PTC. Bank Pictet & Cie Europe AG increased its position in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after buying an additional 55 shares during the period. Wedmont Private Capital increased its position in shares of PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after buying an additional 64 shares during the period. Allworth Financial LP increased its position in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Metis Global Partners LLC increased its position in shares of PTC by 1.1% during the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after buying an additional 73 shares during the period. Finally, Equitable Trust Co. increased its position in shares of PTC by 2.2% during the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock worth $651,000 after buying an additional 79 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.

PTC Stock Up 1.3 %

PTC stock opened at $162.65 on Friday. PTC Inc. has a 1-year low of $155.53 and a 1-year high of $203.09. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm’s fifty day moving average price is $177.45 and its two-hundred day moving average price is $182.49. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Sunday. Finally, KeyCorp raised their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.