Impax Asset Management Group plc Has $188.97 Million Stake in PTC Inc. (NASDAQ:PTC)

Impax Asset Management Group plc reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,035,598 shares of the technology company’s stock after selling 70,374 shares during the quarter. Impax Asset Management Group plc owned about 0.86% of PTC worth $188,970,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Fernbridge Capital Management LP raised its stake in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares during the period. Congress Asset Management Co. raised its position in shares of PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after purchasing an additional 586,443 shares during the period. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the third quarter worth about $84,549,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after purchasing an additional 150,652 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on PTC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp boosted their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Down 2.5 %

PTC stock opened at $161.65 on Monday. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a twelve month low of $161.02 and a twelve month high of $203.09. The business has a 50 day moving average price of $182.89 and a two-hundred day moving average price of $183.23. 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 issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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 anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.