Addison Capital Co Has $619,000 Stock Position in PTC Inc. (NASDAQ:PTC)

Addison Capital Co boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,364 shares of the technology company’s stock after buying an additional 208 shares during the period. Addison Capital Co’s holdings in PTC were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mirabella Financial Services LLP raised its holdings in shares of PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after acquiring an additional 17,465 shares during the period. D1 Capital Partners L.P. purchased a new stake in shares of PTC in the third quarter valued at $84,549,000. Citigroup Inc. boosted its position 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 buying an additional 32,984 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of PTC by 5.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after buying an additional 9,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in PTC by 33.7% during 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 owned by hedge funds and other institutional investors.

PTC Price Performance

NASDAQ PTC opened at $155.80 on Monday. The firm has a market cap of $18.75 billion, a P/E ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The stock’s 50-day moving average is $174.75 and its two-hundred day moving average is $181.86. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. 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 report on Monday, December 2nd. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus lifted 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. Finally, KeyCorp upped their price target 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.