Vestmark Advisory Solutions Inc. Makes New $309,000 Investment in PTC Inc. (NASDAQ:PTC)

Vestmark Advisory Solutions Inc. acquired a new stake in PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,682 shares of the technology company’s stock, valued at approximately $309,000.

A number of other institutional investors have also modified their holdings of the company. Mirabella Financial Services LLP lifted its position in PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after buying an additional 17,465 shares during the period. D1 Capital Partners L.P. acquired a new position in shares of PTC during the 3rd quarter valued at about $84,549,000. Citigroup Inc. lifted its holdings in shares of PTC by 28.4% during the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after acquiring an additional 32,984 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after acquiring an additional 135,677 shares during the last quarter. Finally, KBC Group NV grew its holdings in PTC by 2.1% in the third quarter. KBC Group NV now owns 228,386 shares of the technology company’s stock valued at $41,260,000 after purchasing an additional 4,712 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $162.65 on Monday. The firm has a fifty day moving average of $177.45 and a two-hundred day moving average of $182.52. The firm has a market cap of $19.57 billion, a P/E ratio of 50.20, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1-year low of $155.53 and a 1-year high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last released its 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%. As a group, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PTC. KeyCorp increased their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted 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. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.