Mitsubishi UFJ Asset Management Co. Ltd. Buys 5,695 Shares of PTC Inc. (NASDAQ:PTC)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in PTC Inc. (NASDAQ:PTC) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,778 shares of the technology company’s stock after buying an additional 5,695 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of PTC worth $39,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after acquiring an additional 9,893 shares during the period. JPMorgan Chase & Co. increased its holdings in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the period. Oak Thistle LLC bought a new position in PTC during the 4th quarter valued at approximately $1,113,000. Proficio Capital Partners LLC purchased a new stake in PTC in the 4th quarter worth approximately $8,858,000. Finally, Jones Financial Companies Lllp grew its position in shares of PTC by 1,140.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after buying an additional 422 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Trading Down 3.4 %

NASDAQ PTC opened at $154.80 on Friday. PTC Inc. has a 12 month low of $151.80 and a 12 month high of $203.09. 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 stock’s fifty day moving average price is $169.84 and its 200-day moving average price is $180.97. The stock has a market cap of $18.63 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last announced 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 net margin of 16.95% and a return on equity of 14.49%. As a group, equities analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. KeyCorp increased their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

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.