Xponance Inc. Has $4.28 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Xponance Inc. increased its position in shares of PTC Inc. (NASDAQ:PTC) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,276 shares of the technology company’s stock after acquiring an additional 824 shares during the quarter. Xponance Inc.’s holdings in PTC were worth $4,280,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PTC. Raymond James Financial Inc. acquired a new position in PTC during the 4th quarter valued at about $146,712,000. Fernbridge Capital Management LP raised its stake in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in PTC in the third quarter valued at approximately $84,549,000. Massachusetts Financial Services Co. MA lifted its holdings in PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after buying an additional 150,652 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 135,677 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. KeyCorp raised their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Down 0.8 %

PTC stock opened at $159.90 on Friday. PTC Inc. has a twelve month low of $151.80 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 50 day moving average of $172.82 and a 200-day moving average of $181.31. The stock has a market capitalization of $19.24 billion, a PE ratio of 49.35, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released 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 return on equity of 14.49% and a net margin of 16.95%. On average, equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.