Union Bancaire Privee UBP SA Makes New $451,000 Investment in PTC Inc. (NASDAQ:PTC)

Union Bancaire Privee UBP SA acquired a new position in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,444 shares of the technology company’s stock, valued at approximately $451,000.

A number of other large investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG increased its stake in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares during the last quarter. Wedmont Private Capital increased its position in shares of PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP increased its position in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Metis Global Partners LLC increased its position in shares of PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $162.58 on Tuesday. PTC Inc. has a 52 week low of $160.53 and a 52 week high of $203.09. The company has a market capitalization of $19.56 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The stock’s fifty day moving average is $182.89 and its two-hundred day moving average is $183.35. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PTC. Citigroup cut their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus boosted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. Finally, Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

Insiders Place Their Bets

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % 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.

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.