Groupe la Francaise Takes $1.84 Million Position in PTC Inc. $PTC

Groupe la Francaise purchased a new position in PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,750 shares of the technology company’s stock, valued at approximately $1,844,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Zions Bancorporation National Association UT purchased a new stake in PTC in the 1st quarter valued at about $39,000. SVB Wealth LLC purchased a new position in shares of PTC during the first quarter worth approximately $41,000. Assetmark Inc. raised its stake in shares of PTC by 339.3% during the second quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after acquiring an additional 207 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of PTC by 247.2% in the first quarter. Covestor Ltd now owns 427 shares of the technology company’s stock valued at $66,000 after purchasing an additional 304 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $255.00 price objective on PTC in a report on Wednesday, October 22nd. BMO Capital Markets cut their price target on PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Piper Sandler lowered their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Finally, Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average price target of $205.92.

PTC Price Performance

PTC opened at $177.37 on Thursday. The firm has a market capitalization of $21.19 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.43. The business’s 50-day moving average is $190.76 and its two-hundred day moving average is $191.68. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. The business had revenue of $1.76 billion during the quarter. Research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.