Elo Mutual Pension Insurance Co Buys 993 Shares of PTC Inc. (NASDAQ:PTC)

Elo Mutual Pension Insurance Co lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,629 shares of the technology company’s stock after purchasing an additional 993 shares during the period. Elo Mutual Pension Insurance Co’s holdings in PTC were worth $2,138,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after purchasing an additional 9,893 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of PTC during the 4th quarter valued at approximately $1,113,000. Proficio Capital Partners LLC bought a new position in PTC in the 4th quarter worth approximately $8,858,000. Finally, Jones Financial Companies Lllp grew its stake in PTC by 1,140.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock valued at $84,000 after buying an additional 422 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $154.80 on Friday. The company’s fifty day moving average price is $169.84 and its 200-day moving average price is $180.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 2.27 and a beta of 1.22. PTC Inc. has a one year low of $151.80 and a one year high of $203.09.

PTC (NASDAQ:PTC) last released its 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%. On average, equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup cut their price objective 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $210.09.

About PTC

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.