PTC Inc. (NASDAQ:PTC) Position Increased by Assetmark Inc.

Assetmark Inc. lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 825.0% during the fourth quarter, Holdings Channel reports. The firm owned 333 shares of the technology company’s stock after purchasing an additional 297 shares during the quarter. Assetmark Inc.’s holdings in PTC were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of PTC by 58.0% during 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 during the period. 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. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $155.80 on Friday. PTC Inc. has a twelve month low of $151.80 and a twelve month 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 has a market cap of $18.75 billion, a P/E ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm’s 50-day simple moving average is $174.75 and its 200-day simple moving average is $181.81.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp boosted their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.