PTC Inc (PTC) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lifted its holdings in shares of PTC Inc (NASDAQ:PTC) by 26.7% during the 4th quarter, HoldingsChannel reports. The firm owned 99,415 shares of the technology company’s stock after purchasing an additional 20,924 shares during the quarter. Great West Life Assurance Co. Can’s holdings in PTC were worth $7,730,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its holdings in PTC by 8,190.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after acquiring an additional 3,455,607 shares in the last quarter. BlackRock Inc. boosted its holdings in PTC by 10.1% in the fourth quarter. BlackRock Inc. now owns 11,472,093 shares of the technology company’s stock worth $951,035,000 after acquiring an additional 1,055,829 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in PTC by 22,755.6% in the third quarter. Neuberger Berman Group LLC now owns 760,863 shares of the technology company’s stock worth $80,796,000 after acquiring an additional 757,534 shares in the last quarter. PointState Capital LP bought a new position in PTC in the third quarter worth approximately $67,294,000. Finally, Franklin Resources Inc. boosted its holdings in PTC by 507.1% in the third quarter. Franklin Resources Inc. now owns 603,002 shares of the technology company’s stock worth $64,033,000 after acquiring an additional 503,682 shares in the last quarter. Institutional investors own 90.28% of the company’s stock.
Shares of PTC stock opened at $91.66 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $10.83 billion, a PE ratio of 101.84, a P/E/G ratio of 2.35 and a beta of 1.26. PTC Inc has a 52 week low of $74.77 and a 52 week high of $107.44.
In other PTC news, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $466,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Miller sold 44,462 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $4,148,749.22. The disclosure for this sale can be found here. Insiders have sold 150,952 shares of company stock valued at $13,254,038 over the last ninety days. 9.91% of the stock is currently owned by company insiders.
Several brokerages have issued reports on PTC. Zacks Investment Research upgraded PTC from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Friday, February 8th. Mitsubishi UFJ Financial Group cut their price target on PTC from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, January 24th. Evercore ISI reiterated a “buy” rating and issued a $110.00 price target on shares of PTC in a report on Monday. Deutsche Bank assumed coverage on PTC in a report on Wednesday, January 16th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 12th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. PTC currently has a consensus rating of “Buy” and a consensus price target of $102.13.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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