Johnson Investment Counsel Inc. Has $2.32 Million Holdings in PTC Inc. (NASDAQ:PTC)

Johnson Investment Counsel Inc. cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,596 shares of the technology company’s stock after selling 331 shares during the period. Johnson Investment Counsel Inc.’s holdings in PTC were worth $2,316,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in PTC by 19.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 58,683 shares of the technology company’s stock valued at $10,790,000 after acquiring an additional 9,551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PTC by 46.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,284 shares of the technology company’s stock valued at $30,391,000 after acquiring an additional 52,237 shares during the period. AlphaQuest LLC acquired a new position in PTC in the fourth quarter valued at about $1,793,000. PNC Financial Services Group Inc. grew its stake in PTC by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,799 shares of the technology company’s stock valued at $1,802,000 after acquiring an additional 559 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after acquiring an additional 9,893 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Performance

PTC opened at $157.28 on Wednesday. PTC Inc. has a 52-week low of $155.53 and a 52-week high of $203.09. The firm has a market capitalization of $18.92 billion, a PE ratio of 48.54, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The business’s 50-day simple moving average is $176.46 and its 200 day simple moving average is $182.28.

PTC (NASDAQ:PTC) last released 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 return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.