Gitterman Wealth Management LLC Makes New Investment in PTC Inc. (NASDAQ:PTC)

Gitterman Wealth Management LLC acquired a new position in PTC Inc. (NASDAQ:PTC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,384 shares of the technology company’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. Czech National Bank raised its stake in shares of PTC by 64.7% in the 3rd quarter. Czech National Bank now owns 20,769 shares of the technology company’s stock valued at $2,943,000 after purchasing an additional 8,160 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of PTC by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 46,387 shares of the technology company’s stock valued at $6,572,000 after purchasing an additional 919 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of PTC in the 3rd quarter valued at about $245,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of PTC by 14.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,988 shares of the technology company’s stock valued at $6,232,000 after purchasing an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In other news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction 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 stock in a transaction that occurred on Monday, February 12th. The shares were 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 directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction 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 $171,631,594.68. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 over the last three months. Corporate insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Oppenheimer boosted their price objective on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $210.00 price objective on shares of PTC in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $202.40.

PTC Stock Performance

NASDAQ PTC traded up $1.11 on Friday, hitting $180.99. The stock had a trading volume of 742,701 shares, compared to its average volume of 657,853. PTC Inc. has a one year low of $120.62 and a one year high of $194.24. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 91.87, a P/E/G ratio of 3.23 and a beta of 1.17. The company’s 50-day moving average is $183.55 and its two-hundred day moving average is $170.25.

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

PTC Profile

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.