New York Life Investment Management LLC Buys 124 Shares of PTC Inc. (NASDAQ:PTC)

New York Life Investment Management LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,159 shares of the technology company’s stock after purchasing an additional 124 shares during the quarter. New York Life Investment Management LLC’s holdings in PTC were worth $2,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Bryn Mawr Capital Management LLC bought a new stake in shares of PTC during the 4th quarter valued at about $203,000. Kirtland Hills Capital Management LLC boosted its position in shares of PTC by 3.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock valued at $542,000 after acquiring an additional 91 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of PTC by 13.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 16,364 shares of the technology company’s stock valued at $3,009,000 after acquiring an additional 1,894 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of PTC during the 4th quarter valued at about $84,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of PTC during the 4th quarter valued at about $451,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTC. KeyCorp lifted their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Robert W. Baird raised their price objective on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insiders Place Their Bets

In other news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. This trade 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 the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $163.63 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. The business’s 50 day simple moving average is $179.98 and its two-hundred day simple moving average is $182.97. The stock has a market capitalization of $19.69 billion, a P/E ratio of 50.50, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a one year low of $160.53 and a one year high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. Analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.