PTC Inc. $PTC Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 74.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,296 shares of the technology company’s stock after buying an additional 6,083 shares during the quarter. Fulcrum Asset Management LLP’s holdings in PTC were worth $1,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of PTC by 5.7% in the third quarter. Parallel Advisors LLC now owns 1,180 shares of the technology company’s stock worth $166,000 after buying an additional 64 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in PTC by 2.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,103 shares of the technology company’s stock valued at $435,000 after acquiring an additional 66 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in PTC by 13.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 752 shares of the technology company’s stock worth $107,000 after purchasing an additional 89 shares in the last quarter. D.A. Davidson & CO. lifted its stake in PTC by 2.7% in the 1st quarter. D.A. Davidson & CO. now owns 3,783 shares of the technology company’s stock worth $539,000 after purchasing an additional 101 shares in the last quarter. Finally, Covestor Ltd lifted its stake in PTC by 25.3% in the 2nd quarter. Covestor Ltd now owns 500 shares of the technology company’s stock worth $57,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 1,750 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $195.75, for a total transaction of $342,562.50. Following the transaction, the director owned 6,679 shares in the company, valued at $1,307,414.25. The trade was a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.

PTC Price Performance

NASDAQ:PTC opened at $196.55 on Wednesday. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.57 and a beta of 0.93. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $196.79. The business has a 50 day simple moving average of $168.57 and a 200-day simple moving average of $148.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.63 and a quick ratio of 1.03.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, November 4th. The technology company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.06. PTC had a return on equity of 20.03% and a net margin of 37.80%. The firm had revenue of $673.25 million for the quarter, compared to the consensus estimate of $663.56 million. During the same quarter in the previous year, the company posted $3.41 EPS. The company’s revenue for the quarter was down 24.7% compared to the same quarter last year. Equities analysts forecast that PTC Inc. will post 7.12 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on PTC from $141.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Mizuho lifted their target price on PTC from $160.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. BMO Capital Markets downgraded PTC from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $164.00 to $205.00 in a research report on Tuesday, October 6th. Robert W. Baird lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, KeyCorp cut PTC from an “overweight” rating to a “sector weight” rating in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $200.06.

PTC Profile

PTC Inc. develops software that helps manufacturers design, build, operate and service products. Its offerings support computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management and industrial connectivity, helping companies manage product data and coordinate work across engineering and manufacturing. PTC’s products include Creo for 3D CAD, Windchill for PLM, Codebeamer for application lifecycle management, and ThingWorx for industrial connectivity and application development.