Mirae Asset Global Investments Co. Ltd. Raises Holdings in PTC Inc. (NASDAQ:PTC)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PTC Inc. (NASDAQ:PTCFree Report) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 42,740 shares of the technology company’s stock after acquiring an additional 670 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PTC were worth $8,075,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of PTC by 6.6% during the third 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 during the period. Wellington Management Group LLP boosted its position in PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares in the last quarter. Franklin Resources Inc. boosted its position in PTC by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock worth $208,600,000 after purchasing an additional 13,468 shares in the last quarter. Bank of New York Mellon Corp boosted its position in PTC by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock worth $201,537,000 after purchasing an additional 166,112 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in PTC by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,037,724 shares of the technology company’s stock worth $181,560,000 after purchasing an additional 26,761 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTC. Mizuho reiterated a “neutral” rating and set a $190.00 target price (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Barclays increased their target price on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Citigroup decreased their target price on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.73.

Read Our Latest Research Report on PTC

Insider Activity at PTC

In other news, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now owns 13,598 shares in the company, valued at approximately $2,358,573.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Catherine Kniker sold 1,254 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the sale, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders sold 11,846 shares of company stock worth $2,137,631 in the last three months. 1.17% of the stock is owned by company insiders.

PTC Stock Down 5.3 %

Shares of PTC opened at $177.48 on Wednesday. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The company has a market capitalization of $21.24 billion, a PE ratio of 74.26, a price-to-earnings-growth ratio of 3.52 and a beta of 1.18. The stock has a fifty day simple moving average of $178.52 and a two-hundred day simple moving average of $179.51. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51.

PTC (NASDAQ:PTCGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The business had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. As a group, equities analysts forecast that PTC Inc. will post 3.48 EPS for the current year.

About PTC

(Free Report)

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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