PTC Inc. (NASDAQ:PTC) Shares Sold by Twin Tree Management LP

Twin Tree Management LP decreased its holdings in PTC Inc. (NASDAQ:PTC) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,497 shares of the technology company’s stock after selling 4,130 shares during the quarter. Twin Tree Management LP’s holdings in PTC were worth $3,953,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Assetmark Inc. increased its holdings in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after purchasing an additional 297 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of PTC in the third quarter valued at approximately $66,000. Smartleaf Asset Management LLC increased its holdings in shares of PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after purchasing an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of PTC in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Up 0.8 %

PTC opened at $160.02 on Wednesday. The business’s 50-day simple moving average is $173.77 and its 200-day simple moving average is $181.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a one year low of $151.80 and a one year high of $203.09. The stock has a market capitalization of $19.25 billion, a P/E ratio of 49.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last posted 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%. Analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Citigroup lowered 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. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average 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.