Banque Pictet & Cie SA Purchases 1,000 Shares of PTC Inc. (NASDAQ:PTC)

Banque Pictet & Cie SA lifted its position in PTC Inc. (NASDAQ:PTC) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,100 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Banque Pictet & Cie SA’s holdings in PTC were worth $938,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in shares of PTC by 12.9% in the fourth quarter. Vontobel Holding Ltd. now owns 231,019 shares of the technology company’s stock worth $42,477,000 after purchasing an additional 26,327 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in PTC by 3.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 26,299 shares of the technology company’s stock worth $4,836,000 after acquiring an additional 784 shares during the last quarter. Portfolio Design Labs LLC increased its stake in PTC by 24.2% during the fourth quarter. Portfolio Design Labs LLC now owns 22,545 shares of the technology company’s stock worth $4,145,000 after acquiring an additional 4,386 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in PTC by 22.4% during the fourth quarter. Strengthening Families & Communities LLC now owns 1,224 shares of the technology company’s stock worth $225,000 after acquiring an additional 224 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in PTC during the fourth quarter worth approximately $1,450,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PTC. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Citigroup reduced their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Up 1.9 %

Shares of NASDAQ PTC opened at $171.10 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 52.81, a PEG ratio of 2.33 and a beta of 1.19. The stock has a 50 day moving average price of $186.70 and a 200 day moving average price of $183.39. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09.

PTC (NASDAQ:PTC) last posted its 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%. Sell-side analysts expect that PTC Inc. will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the transaction, the director now directly owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction on Monday, December 9th. The stock was 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 in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock worth $3,630,716 over the last 90 days. Company insiders own 0.32% 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.