Trust Asset Management LLC Makes New $215,000 Investment in PTC Inc. (NASDAQ:PTC)

Trust Asset Management LLC purchased a new position in shares of PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,228 shares of the technology company’s stock, valued at approximately $215,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Financial Group LLC acquired a new stake in shares of PTC during the third quarter worth about $28,000. Lindbrook Capital LLC increased its position in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of PTC by 4,285.7% during the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of PTC during the fourth quarter worth about $124,000. Finally, CWM LLC increased its position in shares of PTC by 6.9% during the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after purchasing an additional 75 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, 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 hyperlink. In other news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. In the last three months, insiders sold 36,415 shares of company stock worth $6,457,478. Insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $200.00 in a research report on Thursday, January 4th. Mizuho boosted their price target on PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research report on Thursday, February 1st. Oppenheimer boosted their price target on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus target price of $202.40.

PTC Price Performance

PTC stock traded down $0.62 on Thursday, reaching $179.88. The company had a trading volume of 953,897 shares, compared to its average volume of 826,715. PTC Inc. has a 1 year low of $120.62 and a 1 year high of $194.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The company’s fifty day moving average is $183.49 and its 200 day moving average is $169.77. The company has a market cap of $21.50 billion, a P/E ratio of 91.31, a PEG ratio of 3.22 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. On average, research analysts forecast that PTC Inc. will post 3.47 earnings per share for the current year.

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.