Schwab Charles Investment Management Inc. grew its position in shares of PTC Inc (NASDAQ:PTC) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 472,552 shares of the technology company’s stock after acquiring an additional 11,110 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in PTC were worth $28,717,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC acquired a new stake in shares of PTC in the 3rd quarter valued at approximately $109,000. Boston Financial Mangement LLC boosted its holdings in shares of PTC by 7.6% in the 3rd quarter. Boston Financial Mangement LLC now owns 102,462 shares of the technology company’s stock valued at $5,767,000 after buying an additional 7,217 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of PTC in the 3rd quarter valued at approximately $1,888,000. Voya Investment Management LLC boosted its holdings in shares of PTC by 11.9% in the 2nd quarter. Voya Investment Management LLC now owns 44,712 shares of the technology company’s stock valued at $2,465,000 after buying an additional 4,765 shares during the last quarter. Finally, Lagoda Investment Management L.P. boosted its holdings in shares of PTC by 6.7% in the 3rd quarter. Lagoda Investment Management L.P. now owns 135,038 shares of the technology company’s stock valued at $7,600,000 after buying an additional 8,510 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

PTC Inc (NASDAQ PTC) opened at $69.25 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7,950.00, a price-to-earnings ratio of 288.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.49. PTC Inc has a 12-month low of $50.68 and a 12-month high of $74.88.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $306.44 million for the quarter, compared to analysts’ expectations of $300.17 million. PTC had a return on equity of 9.29% and a net margin of 2.47%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. sell-side analysts forecast that PTC Inc will post 0.78 earnings per share for the current fiscal year.

In related news, EVP Anthony Dibona sold 4,920 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total value of $317,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Staats Aaron C. Von sold 9,947 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.67, for a total value of $643,272.49. The disclosure for this sale can be found here. Insiders have sold a total of 81,260 shares of company stock worth $5,501,295 in the last quarter. Company insiders own 1.19% of the company’s stock.

Several brokerages have issued reports on PTC. KeyCorp reaffirmed a “buy” rating and set a $74.00 price target (up previously from $64.00) on shares of PTC in a report on Thursday, October 26th. Evercore ISI set a $75.00 price target on PTC and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $74.00 price target on shares of PTC in a report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of PTC in a report on Thursday, January 4th. Finally, Citigroup raised their price target on PTC to $78.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. PTC currently has an average rating of “Buy” and a consensus price target of $70.81.

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PTC Profile

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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