PTC Inc. (NASDAQ:PTC) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in PTC Inc. (NASDAQ:PTC) by 9,600.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,518 shares of the technology company’s stock after purchasing an additional 28,224 shares during the period. International Assets Investment Management LLC’s holdings in PTC were worth $4,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Resources Management Corp CT ADV raised its position in PTC by 4,285.7% during the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Cigna Investments Inc. New acquired a new position in PTC during the fourth quarter worth about $218,000. Raymond James Trust N.A. acquired a new position in PTC during the fourth quarter worth about $230,000. Portside Wealth Group LLC acquired a new position in PTC during the fourth quarter worth about $247,000. Finally, HB Wealth Management LLC acquired a new position in PTC during the fourth quarter worth about $252,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $178.33 on Thursday. PTC Inc. has a 1 year low of $128.61 and a 1 year high of $194.24. The firm has a 50 day moving average price of $183.03 and a 200 day moving average price of $172.13. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 74.62, a PEG ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup lowered their price target on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lifted their price target on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $200.64.

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.