PTC Inc. (NASDAQ:PTC) Shares Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its position in PTC Inc. (NASDAQ:PTC) by 24.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,100 shares of the technology company’s stock after acquiring an additional 1,000 shares during the period. Banque Pictet & Cie SA’s holdings in PTC were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd increased its position in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 80 shares during the period. Brooklyn Investment Group acquired a new position in shares of PTC in the 3rd quarter valued at $66,000. Blue Trust Inc. increased its position in shares of PTC by 473.9% in the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after acquiring an additional 654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PTC in the 3rd quarter valued at $152,000. Finally, Signaturefd LLC increased its position in shares of PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after acquiring an additional 76 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 1.9 %

Shares of PTC stock opened at $171.10 on Friday. The firm has a market capitalization of $20.59 billion, a PE ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The firm’s 50-day moving average price is $186.70 and its 200 day moving average price is $183.39. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last issued 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 net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts predict that PTC Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now directly owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Robert W. Baird increased their price target on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

PTC Company 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.