Alberta Investment Management Corp Makes New Investment in PTC Inc. (NASDAQ:PTC)

Alberta Investment Management Corp acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,909 shares of the technology company’s stock, valued at approximately $12,303,000. Alberta Investment Management Corp owned approximately 0.06% of PTC as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after buying an additional 654 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PTC by 8.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 493 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of PTC by 5.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,461 shares of the technology company’s stock worth $264,000 after acquiring an additional 82 shares during the last quarter. Signaturefd LLC lifted its position in PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after acquiring an additional 76 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its stake in PTC by 6.0% during the 3rd quarter. Stanley Laman Group Ltd. now owns 25,515 shares of the technology company’s stock valued at $4,610,000 after purchasing an additional 1,455 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PTC. JPMorgan Chase & Co. raised their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Robert W. Baird lifted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $210.09.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 860 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 16,539 shares of company stock valued at $3,301,697. Corporate insiders own 0.32% of the company’s stock.

PTC Price Performance

PTC opened at $169.92 on Thursday. The firm has a 50-day moving average price of $184.34 and a 200-day moving average price of $183.30. PTC Inc. has a twelve month low of $163.30 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 company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 52.44, a PEG ratio of 2.34 and a beta of 1.19.

PTC (NASDAQ:PTC) last issued its earnings results 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 net margin of 16.95% and a return on equity of 14.49%. Equities analysts expect that PTC Inc. will post 4.46 EPS for the current year.

PTC 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.