PTC Inc. (NASDAQ:PTC) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in PTC Inc. (NASDAQ:PTC) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,847 shares of the technology company’s stock after acquiring an additional 1,039 shares during the period. Mackenzie Financial Corp’s holdings in PTC were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of PTC by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares in the last quarter. Barclays PLC raised its holdings in shares of PTC by 67.0% in the 3rd quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock worth $97,975,000 after purchasing an additional 277,358 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of PTC in the 3rd quarter worth approximately $39,054,000. Assenagon Asset Management S.A. raised its holdings in shares of PTC by 1,675.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company’s stock worth $34,559,000 after purchasing an additional 230,179 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PTC by 15.6% in the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after purchasing an additional 168,917 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

Shares of PTC opened at $180.44 on Wednesday. The company’s 50 day moving average price is $183.54 and its 200 day moving average price is $169.62. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The company has a market capitalization of $21.57 billion, a PE ratio of 91.59, a PEG ratio of 3.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. Research analysts expect that PTC Inc. will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PTC shares. BMO Capital Markets boosted their target price on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Oppenheimer boosted their target price on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $200.00 in a report on Thursday, January 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $202.00 price target on shares of PTC in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.73.

Insider Activity at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,415 shares of company stock valued at $6,457,478. Corporate insiders own 1.17% of the company’s stock.

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.