Amundi Has $89.85 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Amundi reduced its stake in PTC Inc. (NASDAQ:PTC) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 488,054 shares of the technology company’s stock after selling 159,088 shares during the quarter. Amundi’s holdings in PTC were worth $89,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the period. Covestor Ltd increased its holdings in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares in the last quarter. Assetmark Inc. increased its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares in the last quarter. Brooklyn Investment Group bought a new stake in PTC in the third quarter worth approximately $66,000. Finally, Smartleaf Asset Management LLC increased its holdings in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after purchasing an additional 205 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Down 2.3 %

Shares of NASDAQ:PTC opened at $157.28 on Wednesday. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $155.53 and a 12-month high of $203.09. The business’s 50 day moving average is $176.46 and its 200 day moving average is $182.28.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the subject of a number of research analyst reports. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC 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.