TD Asset Management Inc. Boosts Stock Position in PTC Inc. (NASDAQ:PTC)

TD Asset Management Inc. lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 512,513 shares of the technology company’s stock after buying an additional 26,007 shares during the period. TD Asset Management Inc.’s holdings in PTC were worth $94,236,000 as of its most recent SEC filing.

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

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 0.8 %

NASDAQ PTC opened at $162.80 on Wednesday. The stock’s 50 day moving average is $171.50 and its 200 day moving average is $181.24. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.59 billion, a PE ratio of 50.25, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results 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 return on equity of 14.49% and a net margin of 16.95%. Research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.