PTC Inc. (NASDAQ:PTC) Stock Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in PTC Inc. (NASDAQ:PTC) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,664 shares of the technology company’s stock after selling 7,992 shares during the period. Victory Capital Management Inc. owned about 0.06% of PTC worth $13,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Covestor Ltd lifted its position in PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after buying an additional 80 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of PTC during the 3rd quarter valued at $66,000. Smartleaf Asset Management LLC grew its holdings in shares of PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after acquiring an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of PTC in the fourth quarter worth $84,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on PTC shares. Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Sunday. 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 research report on Wednesday, December 18th. Finally, KeyCorp raised their price target on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Trading Down 0.2 %

Shares of PTC opened at $157.00 on Thursday. The stock’s 50-day moving average price is $175.92 and its 200 day moving average price is $182.11. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 12-month low of $155.53 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly 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%. As a group, research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.