E Fund Management Co. Ltd. Boosts Holdings in PTC Inc. (NASDAQ:PTC)

E Fund Management Co. Ltd. increased its stake in shares of PTC Inc. (NASDAQ:PTC) by 39.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,399 shares of the technology company’s stock after buying an additional 684 shares during the quarter. E Fund Management Co. Ltd.’s holdings in PTC were worth $441,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mirabella Financial Services LLP increased its stake in shares of PTC by 542.2% in the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after purchasing an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of PTC in the third quarter worth about $84,549,000. Citigroup Inc. increased its stake in shares of PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after purchasing an additional 32,984 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of PTC by 2.1% in the third quarter. KBC Group NV now owns 228,386 shares of the technology company’s stock worth $41,260,000 after purchasing an additional 4,712 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. 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. JPMorgan Chase & Co. boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Finally, StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Sunday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 1.3 %

Shares of PTC stock opened at $162.65 on Friday. PTC Inc. has a 1 year low of $155.53 and a 1 year high of $203.09. The firm has a market cap of $19.57 billion, a PE ratio of 50.20, a PEG ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company has a 50 day simple moving average of $177.45 and a two-hundred day simple moving average of $182.49.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company 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.