Bank Julius Baer & Co. Ltd Zurich Purchases 9,893 Shares of PTC Inc. (NASDAQ:PTC)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in PTC Inc. (NASDAQ:PTC) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,199 shares of the technology company’s stock after purchasing an additional 9,893 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.17% of PTC worth $39,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PTC. Bank Pictet & Cie Europe AG raised its stake in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after buying an additional 55 shares in the last quarter. Wedmont Private Capital boosted its position in shares of PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after purchasing an additional 64 shares in the last quarter. Allworth Financial LP grew its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Metis Global Partners LLC raised its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in PTC by 2.2% during the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock valued at $651,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

PTC Trading Up 1.3 %

Shares of NASDAQ PTC opened at $162.65 on Friday. 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 fifty day simple moving average of $177.45 and a two-hundred day simple moving average of $182.49. The firm has a market cap of $19.57 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC Inc. has a twelve month low of $155.53 and a twelve month high of $203.09.

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

Analyst Ratings Changes

PTC has been the subject of several research reports. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.