Amundi Has $89.85 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Amundi lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 24.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 488,054 shares of the technology company’s stock after selling 159,088 shares during the quarter. Amundi owned about 0.41% of PTC worth $89,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of PTC by 2.7% in the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC increased its position in shares of PTC by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after purchasing an additional 37,645 shares during the period. Fernbridge Capital Management LP increased its position in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares during the period. Franklin Resources Inc. increased its position in shares of PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after purchasing an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after purchasing an additional 150,652 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of a number of recent analyst reports. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Sunday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Performance

Shares of PTC stock opened at $157.28 on Wednesday. The business’s 50-day moving average price is $176.46 and its 200-day moving average price is $182.28. PTC Inc. has a 12 month low of $155.53 and a 12 month high of $203.09. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.27 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS 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%. Equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.