Federated Hermes Inc. Has $82.07 Million Stake in PTC Inc. (NASDAQ:PTC)

Federated Hermes Inc. boosted its position in PTC Inc. (NASDAQ:PTC) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,350 shares of the technology company’s stock after purchasing an additional 4,763 shares during the period. Federated Hermes Inc. owned 0.37% of PTC worth $82,070,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in PTC by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,274 shares of the technology company’s stock valued at $953,000 after buying an additional 600 shares during the last quarter. HighTower Advisors LLC increased its position in PTC by 47.6% in the 3rd quarter. HighTower Advisors LLC now owns 6,199 shares of the technology company’s stock valued at $1,117,000 after acquiring an additional 2,000 shares during the period. Janus Henderson Group PLC raised its stake in shares of PTC by 42.4% during the third quarter. Janus Henderson Group PLC now owns 16,114 shares of the technology company’s stock valued at $2,912,000 after acquiring an additional 4,800 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of PTC by 3.6% during the third quarter. Royal London Asset Management Ltd. now owns 48,315 shares of the technology company’s stock worth $8,729,000 after purchasing an additional 1,673 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of PTC by 19.5% in the third quarter. Quantinno Capital Management LP now owns 2,826 shares of the technology company’s stock worth $511,000 after purchasing an additional 462 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC opened at $139.77 on Monday. PTC Inc. has a one year low of $135.46 and a one year high of $203.09. The company has a market cap of $16.82 billion, a PE ratio of 43.14, a P/E/G ratio of 2.27 and a beta of 1.17. The stock has a 50-day moving average of $166.16 and a 200-day moving average of $180.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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 predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on PTC. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities restated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup lowered their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.09.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was 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 directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.