Sumitomo Mitsui DS Asset Management Company Ltd Has $3 Million Stake in PTC Inc. (NASDAQ:PTC)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in PTC Inc. (NASDAQ:PTC) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,315 shares of the technology company’s stock after buying an additional 3,101 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PTC were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fernbridge Capital Management LP boosted its stake in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares in the last quarter. Congress Asset Management Co. raised its position in PTC by 767.8% in the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock valued at $119,746,000 after purchasing an additional 586,443 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the third quarter valued at about $84,549,000. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after purchasing an additional 150,652 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was 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 in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. Corporate insiders own 0.32% of the company’s stock.

PTC Stock Down 1.5 %

PTC stock opened at $169.02 on Monday. The stock’s 50 day simple moving average is $189.31 and its 200 day simple moving average is $183.62. The company has a market cap of $20.34 billion, a P/E ratio of 52.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC) last issued 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%. On average, research analysts expect that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and lowered their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. KeyCorp upped their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.