Brown Advisory Inc. Acquires 1,667 Shares of PTC Inc. (NASDAQ:PTC)

Brown Advisory Inc. increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,899 shares of the technology company’s stock after acquiring an additional 1,667 shares during the period. Brown Advisory Inc.’s holdings in PTC were worth $1,732,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PTC. Lindbrook Capital LLC lifted its stake in shares of PTC by 108.3% in 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 in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after buying an additional 300 shares in the last quarter. Principal Securities Inc. bought a new position in shares of PTC in the fourth quarter worth approximately $46,000. Van ECK Associates Corp lifted its stake in shares of PTC by 26.0% in the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after buying an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of PTC in the fourth quarter worth approximately $124,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.6 %

Shares of PTC stock opened at $182.60 on Friday. The firm’s 50 day moving average price is $182.40 and its 200-day moving average price is $175.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. PTC Inc. has a 52-week low of $129.47 and a 52-week high of $194.24. The company has a market cap of $21.86 billion, a P/E ratio of 76.40, a PEG ratio of 3.46 and a beta of 1.19.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The business had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. On average, sell-side analysts predict that PTC Inc. will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. Mizuho lowered their price objective on shares of PTC from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Barclays increased their price objective on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $200.64.

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.