Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Position in PTC Inc. (NASDAQ:PTC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in PTC Inc. (NASDAQ:PTC – Get Rating) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,503 shares of the technology company’s stock after buying an additional 8,500 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.10% of PTC worth $11,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its holdings in PTC by 14.6% in the second quarter. CWM LLC now owns 681 shares of the technology company’s stock valued at $72,000 after buying an additional 87 shares during the last quarter. Private Trust Co. NA increased its holdings in PTC by 43.5% in the third quarter. Private Trust Co. NA now owns 330 shares of the technology company’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Verition Fund Management LLC increased its holdings in PTC by 3.2% in the first quarter. Verition Fund Management LLC now owns 3,505 shares of the technology company’s stock valued at $378,000 after buying an additional 109 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in PTC by 4.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,625 shares of the technology company’s stock valued at $279,000 after buying an additional 114 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in PTC by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,791 shares of the technology company’s stock valued at $297,000 after buying an additional 115 shares during the last quarter. 86.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PTC has been the subject of several research analyst reports. Mizuho boosted their price objective on PTC from $135.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 18th. Berenberg Bank started coverage on PTC in a report on Wednesday, January 11th. They set a “buy” rating and a $155.00 target price for the company. Rosenblatt Securities upped their target price on PTC from $138.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, January 5th. Royal Bank of Canada upped their target price on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Finally, Barclays lowered their target price on PTC from $148.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, January 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.89.

Insiders Place Their Bets

In other PTC news, Director Blake D. Moret sold 304,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $121.21, for a total value of $36,847,840.00. Following the completion of the sale, the director now directly owns 7,712,998 shares in the company, valued at $934,892,487.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PTC news, insider Catherine Kniker sold 2,611 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total value of $340,526.62. Following the completion of the sale, the insider now directly owns 10,472 shares in the company, valued at $1,365,758.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Blake D. Moret sold 304,000 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $121.21, for a total value of $36,847,840.00. Following the completion of the transaction, the director now directly owns 7,712,998 shares in the company, valued at approximately $934,892,487.58. The disclosure for this sale can be found here. Insiders sold 483,788 shares of company stock worth $59,367,463 over the last ninety days. Company insiders own 8.26% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC opened at $129.69 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $124.48 and a 200-day simple moving average of $117.48. The company has a market cap of $15.32 billion, a PE ratio of 48.94, a P/E/G ratio of 2.52 and a beta of 1.17. PTC Inc. has a 12-month low of $96.55 and a 12-month high of $133.14.

PTC (NASDAQ:PTC – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. The business had revenue of $507.93 million during the quarter, compared to the consensus estimate of $498.19 million. PTC had a return on equity of 18.58% and a net margin of 16.19%. On average, equities research analysts forecast that PTC Inc. will post 3.41 EPS for the current year.

PTC Profile

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PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.