Cibc World Markets Corp Acquires 2,675 Shares of PTC Inc. (NASDAQ:PTC)

Cibc World Markets Corp grew its holdings in PTC Inc. (NASDAQ:PTC) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,976 shares of the technology company’s stock after acquiring an additional 2,675 shares during the quarter. Cibc World Markets Corp’s holdings in PTC were worth $3,489,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Allworth Financial LP grew its holdings in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. grew its holdings in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after buying an additional 297 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of PTC during the third quarter worth about $66,000. Smartleaf Asset Management LLC grew its holdings in shares of PTC by 83.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after buying an additional 205 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of PTC during the fourth quarter worth about $84,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PTC has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Rosenblatt Securities reissued a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

PTC opened at $159.90 on Friday. PTC Inc. has a 12-month low of $151.80 and a 12-month high of $203.09. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 49.35, a PEG ratio of 2.27 and a beta of 1.22. The business has a 50 day moving average of $172.82 and a 200-day moving average of $181.31. 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 (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

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.