National Pension Service increased its holdings in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 217,238 shares of the technology company’s stock after purchasing an additional 1,286 shares during the period. National Pension Service’s holdings in PTC were worth $37,439,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position in PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after buying an additional 3,048,311 shares during the period. Nuveen LLC acquired a new stake in shares of PTC in the first quarter worth $241,789,000. Pictet Asset Management Holding SA increased its position in PTC by 41.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,876,333 shares of the technology company’s stock worth $445,687,000 after acquiring an additional 844,418 shares during the period. CCLA Investment Management bought a new position in PTC during the second quarter worth $94,629,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PTC by 27.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock valued at $235,134,000 after purchasing an additional 327,326 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
PTC Stock Performance
NASDAQ PTC opened at $179.61 on Friday. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a market cap of $21.52 billion, a P/E ratio of 42.36, a PEG ratio of 1.90 and a beta of 1.15. The company’s 50-day simple moving average is $199.07 and its 200 day simple moving average is $190.59.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on PTC. KeyCorp restated an “overweight” rating and issued a $245.00 price target (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Zacks Research cut PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, BMO Capital Markets reduced their price objective on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.92.
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.
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