Mitsubishi UFJ Asset Management Co. Ltd. Purchases 5,695 Shares of PTC Inc. (NASDAQ:PTC)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in PTC Inc. (NASDAQ:PTC) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 211,778 shares of the technology company’s stock after purchasing an additional 5,695 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in PTC were worth $39,082,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock worth $39,212,000 after buying an additional 9,893 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PTC by 33.7% during the 3rd 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. Oak Thistle LLC bought a new stake in shares of PTC during the 4th quarter valued at $1,113,000. Proficio Capital Partners LLC purchased a new stake in shares of PTC in the 4th quarter worth $8,858,000. Finally, Jones Financial Companies Lllp raised its holdings in PTC by 1,140.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock worth $84,000 after purchasing an additional 422 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on PTC. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Citigroup reduced their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, KeyCorp lifted their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.09.

PTC Trading Down 3.4 %

Shares of PTC stock opened at $154.80 on Friday. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $169.84 and a 200-day moving average price of $180.97. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. Equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is owned by insiders.

PTC Company 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.