Nomura Asset Management Co. Ltd. Lowers Position in PTC Inc. (NASDAQ:PTC)

Nomura Asset Management Co. Ltd. lowered its stake in shares of PTC Inc. (NASDAQ:PTC) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,270 shares of the technology company’s stock after selling 376 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PTC were worth $6,669,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PTC. New Age Alpha Advisors LLC acquired a new position in shares of PTC in the 4th quarter valued at about $77,000. Norges Bank acquired a new position in PTC during the fourth quarter valued at approximately $128,852,000. Blair William & Co. IL grew its stake in PTC by 6.2% during the fourth quarter. Blair William & Co. IL now owns 2,727 shares of the technology company’s stock worth $501,000 after buying an additional 159 shares during the period. NEOS Investment Management LLC raised its stake in shares of PTC by 28.2% in the 4th quarter. NEOS Investment Management LLC now owns 5,646 shares of the technology company’s stock valued at $1,038,000 after acquiring an additional 1,241 shares during the period. Finally, UniSuper Management Pty Ltd raised its stake in shares of PTC by 5.2% in the 4th quarter. UniSuper Management Pty Ltd now owns 28,130 shares of the technology company’s stock valued at $5,172,000 after acquiring an additional 1,400 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Up 0.1 %

Shares of NASDAQ PTC opened at $154.95 on Tuesday. PTC Inc. has a 12-month low of $151.80 and a 12-month high of $203.09. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $169.18 and its 200 day simple moving average is $180.94.

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

Insider Buying and Selling at PTC

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

Analyst Ratings Changes

Several research analysts have commented on PTC shares. KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Stifel Nicolaus upped their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, 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.