Olympiad Research LP Has $449,000 Stake in PTC Inc. (NASDAQ:PTC)

Olympiad Research LP lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,442 shares of the technology company’s stock after purchasing an additional 129 shares during the period. Olympiad Research LP’s holdings in PTC were worth $449,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PTC. US Bancorp DE lifted its holdings in PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after buying an additional 5,717 shares during the period. Mirabella Financial Services LLP lifted its holdings in PTC by 542.2% in the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after buying an additional 17,465 shares during the period. D1 Capital Partners L.P. acquired a new position in PTC in the third quarter valued at approximately $84,549,000. Citigroup Inc. lifted its holdings in PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after buying an additional 32,984 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PTC. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price 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. KeyCorp upped 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. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus upped their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Down 2.5 %

Shares of PTC stock opened at $161.65 on Friday. The firm has a fifty day moving average of $182.89 and a 200-day moving average of $183.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $161.02 and a 12-month high of $203.09. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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 return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now directly owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,539 shares of company stock valued at $3,301,697. Corporate insiders own 0.32% of the company’s stock.

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.