Avior Wealth Management LLC Raises Stock Holdings in PTC Inc. (NASDAQ:PTC)

Avior Wealth Management LLC boosted its position in PTC Inc. (NASDAQ:PTC) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,461 shares of the technology company’s stock after purchasing an additional 580 shares during the quarter. Avior Wealth Management LLC’s holdings in PTC were worth $606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PTC by 205.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,373 shares of the technology company’s stock worth $15,462,000 after acquiring an additional 59,396 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of PTC by 22.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,141 shares of the technology company’s stock valued at $375,000 after purchasing an additional 396 shares in the last quarter. Flputnam Investment Management Co. lifted its holdings in shares of PTC by 13.0% during the fourth quarter. Flputnam Investment Management Co. now owns 63,551 shares of the technology company’s stock valued at $11,119,000 after purchasing an additional 7,332 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of PTC by 11.8% in the 4th quarter. Mackenzie Financial Corp now owns 9,847 shares of the technology company’s stock worth $1,723,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of PTC by 9.2% in the 4th quarter. Vontobel Holding Ltd. now owns 11,257 shares of the technology company’s stock worth $1,970,000 after buying an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 0.6 %

NASDAQ:PTC opened at $177.48 on Thursday. The company has a market cap of $21.22 billion, a PE ratio of 90.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.17. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $183.74 and a two-hundred day simple moving average of $168.35. PTC Inc. has a 12 month low of $120.62 and a 12 month high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. Research analysts forecast that PTC Inc. will post 3.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. Barclays upped their price target on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. BMO Capital Markets raised their price objective on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. raised shares of PTC from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $210.00 price target on shares of PTC in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.73.

Insider Buying and Selling at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,415 shares of company stock valued at $6,457,478. Company insiders own 1.17% of the company’s stock.

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.