Orion Portfolio Solutions LLC Grows Holdings in PTC Inc. (NASDAQ:PTC)

Orion Portfolio Solutions LLC lifted its stake in PTC Inc. (NASDAQ:PTC) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,603 shares of the technology company’s stock after acquiring an additional 952 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in PTC were worth $1,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG boosted its position in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after buying an additional 55 shares during the period. Wedmont Private Capital lifted its stake in PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after acquiring an additional 64 shares in the last quarter. Allworth Financial LP boosted its holdings in 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 acquiring an additional 69 shares during the period. Otter Creek Advisors LLC grew its position in PTC by 0.4% in the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock valued at $3,527,000 after acquiring an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC increased its stake in PTC by 3.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock worth $542,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

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

PTC Price Performance

Shares of PTC opened at $139.77 on Friday. 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 Inc. has a 1-year low of $139.66 and a 1-year high of $203.09. The stock has a market cap of $16.82 billion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm has a fifty day moving average price of $166.16 and a 200 day moving average price of $180.21.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by insiders.

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.