Raiffeisen Bank International AG Makes New $412,000 Investment in PTC Inc. (NASDAQ:PTC)

Raiffeisen Bank International AG acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,243 shares of the technology company’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PTC. Fifth Third Wealth Advisors LLC purchased a new position in PTC during the fourth quarter valued at $260,000. Assenagon Asset Management S.A. boosted its holdings in shares of PTC by 110.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 87,674 shares of the technology company’s stock valued at $16,121,000 after purchasing an additional 46,017 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of PTC by 29.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,975 shares of the technology company’s stock valued at $363,000 after purchasing an additional 448 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of PTC by 9.8% in the fourth quarter. HB Wealth Management LLC now owns 2,165 shares of the technology company’s stock worth $398,000 after purchasing an additional 194 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in shares of PTC by 40.9% in the fourth quarter. Diversify Wealth Management LLC now owns 4,606 shares of the technology company’s stock worth $840,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.6%

PTC stock opened at $172.91 on Friday. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $154.62 and its two-hundred day simple moving average is $174.02.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a net margin of 16.95% and a return on equity of 14.49%. The company had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same period in the prior year, the firm posted $1.46 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

PTC has been the subject of several research analyst reports. Oppenheimer cut their price target on PTC from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Barclays lowered their target price on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus reduced their price target on shares of PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Mizuho lowered their price objective on shares of PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp dropped their price objective on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $187.15.

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.