Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,087 Shares of PTC Inc. (NASDAQ:PTC)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of PTC Inc. (NASDAQ:PTC) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,547 shares of the technology company’s stock after buying an additional 1,087 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PTC were worth $2,195,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC raised its stake in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares during the last quarter. Legacy Financial Group LLC bought a new stake in PTC in the third quarter valued at $28,000. Resources Management Corp CT ADV increased its stake in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. CWM LLC increased its stake in PTC by 6.9% in the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. Finally, Delta Capital Management LLC bought a new stake in PTC in the fourth quarter valued at $205,000. Institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.0 %

NASDAQ:PTC opened at $180.50 on Thursday. PTC Inc. has a one year low of $120.62 and a one year high of $194.24. The company has a market cap of $21.58 billion, a PE ratio of 91.62, a PEG ratio of 3.22 and a beta of 1.17. The firm has a 50-day moving average of $183.53 and a 200-day moving average of $169.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The business had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. As a group, equities research analysts expect that PTC Inc. will post 3.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on PTC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. BMO Capital Markets lifted their price target on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Robert W. Baird reaffirmed an “outperform” rating and issued a $210.00 price target on shares of PTC in a research note on Tuesday, April 2nd. Mizuho lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $202.40.

Insider Buying and Selling

In related news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by 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.