Tower Research Capital LLC TRC Raises Position in PTC Inc. (NASDAQ:PTC)

Tower Research Capital LLC TRC lifted its stake in PTC Inc. (NASDAQ:PTC) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,821 shares of the technology company’s stock after purchasing an additional 2,333 shares during the quarter. Tower Research Capital LLC TRC’s holdings in PTC were worth $2,174,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in PTC during the fourth quarter valued at $146,712,000. Norges Bank bought a new position in PTC during the 4th quarter valued at about $128,852,000. Commerce Bank raised its position in PTC by 557.8% in the 4th quarter. Commerce Bank now owns 311,841 shares of the technology company’s stock worth $57,338,000 after purchasing an additional 264,437 shares during the period. Vanguard Group Inc. lifted its stake in PTC by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock worth $2,627,961,000 after purchasing an additional 240,080 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during 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 own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of the company’s 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 transaction, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

PTC Price Performance

NASDAQ PTC opened at $143.81 on Wednesday. The company has a market cap of $17.30 billion, a PE ratio of 44.39, a P/E/G ratio of 2.27 and a beta of 1.17. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm’s 50 day moving average price is $155.61 and its 200-day moving average price is $176.86.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. Sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PTC shares. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. KeyCorp reduced their target price on PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their target price on shares of PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.08.

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.