PTC Inc. (NASDAQ:PTC) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,919 shares of the technology company’s stock after purchasing an additional 1,316 shares during the period. Congress Wealth Management LLC DE owned about 0.08% of PTC worth $17,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its stake in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Assetmark Inc. boosted its stake in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after buying an additional 297 shares during the period. Brooklyn Investment Group purchased a new position in shares of PTC during the third quarter worth about $66,000. Smartleaf Asset Management LLC increased its position in PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after acquiring an additional 205 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in PTC in the 4th quarter valued at about $84,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 sale, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on PTC shares. KeyCorp lifted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus increased their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

PTC stock opened at $161.45 on Tuesday. The company has a market cap of $19.43 billion, a price-to-earnings ratio of 49.83, a PEG ratio of 2.27 and a beta of 1.22. 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 firm has a 50 day moving average of $171.95 and a 200-day moving average of $181.25. PTC Inc. has a 12-month low of $151.80 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last posted its 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 return on equity of 14.49% and a net margin of 16.95%. As a group, equities 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.