Avior Wealth Management LLC Raises Stock Position in PTC Inc. (NASDAQ:PTC)

Avior Wealth Management LLC grew its position in PTC Inc. (NASDAQ:PTC) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,461 shares of the technology company’s stock after purchasing an additional 580 shares during the period. Avior Wealth Management LLC’s holdings in PTC were worth $606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PTC by 205.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,373 shares of the technology company’s stock worth $15,462,000 after acquiring an additional 59,396 shares during the period. Cookson Peirce & Co. Inc. raised its position in PTC by 22.7% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,141 shares of the technology company’s stock valued at $375,000 after purchasing an additional 396 shares during the period. Flputnam Investment Management Co. raised its holdings in shares of PTC by 13.0% in the 4th quarter. Flputnam Investment Management Co. now owns 63,551 shares of the technology company’s stock valued at $11,119,000 after buying an additional 7,332 shares during the period. Mackenzie Financial Corp lifted its position in shares of PTC by 11.8% during the fourth quarter. Mackenzie Financial Corp now owns 9,847 shares of the technology company’s stock worth $1,723,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in PTC by 9.2% during the 4th quarter. Vontobel Holding Ltd. now owns 11,257 shares of the technology company’s stock worth $1,970,000 after buying an additional 951 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PTC shares. BMO Capital Markets increased their price target on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Mizuho lifted their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Thursday. Oppenheimer boosted their price objective on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $210.00 price objective on shares of PTC in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.73.

PTC Trading Down 0.6 %

Shares of PTC stock opened at $177.48 on Thursday. The company has a market capitalization of $21.22 billion, a P/E ratio of 90.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $183.74 and its two-hundred day moving average is $168.35. PTC Inc. has a twelve month low of $120.62 and a twelve month high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. Equities analysts forecast that PTC Inc. will post 3.47 EPS for the current year.

Insider Transactions at PTC

In other PTC news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,415 shares of company stock worth $6,457,478. Company insiders own 1.17% of the company’s stock.

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.