Strengthening Families & Communities LLC Has $225,000 Stock Position in PTC Inc. (NASDAQ:PTC)

Strengthening Families & Communities LLC grew its stake in PTC Inc. (NASDAQ:PTC) by 22.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,224 shares of the technology company’s stock after buying an additional 224 shares during the quarter. Strengthening Families & Communities LLC’s holdings in PTC were worth $225,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Entropy Technologies LP bought a new position in shares of PTC during the fourth quarter worth about $1,450,000. Empowered Funds LLC boosted its position in PTC by 13.0% during the 4th quarter. Empowered Funds LLC now owns 2,423 shares of the technology company’s stock worth $446,000 after acquiring an additional 279 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of PTC during the 4th quarter worth approximately $3,150,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of PTC by 23.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,315 shares of the technology company’s stock valued at $3,000,000 after purchasing an additional 3,101 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of PTC by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 805,663 shares of the technology company’s stock worth $148,137,000 after purchasing an additional 22,586 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.4 %

PTC opened at $168.42 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $189.31 and its 200 day simple moving average is $183.70. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $203.09. The stock has a market cap of $20.27 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, research analysts expect that PTC Inc. will post 4.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 860 shares of PTC stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock worth $3,630,716 over the last three months. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PTC. Stifel Nicolaus raised their target price 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. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.