PTC Inc. $PTC Holdings Raised by New York Life Investment Management LLC

New York Life Investment Management LLC grew its position in PTC Inc. (NASDAQ:PTC) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,335 shares of the technology company’s stock after acquiring an additional 221 shares during the quarter. New York Life Investment Management LLC’s holdings in PTC were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Motco bought a new stake in shares of PTC in the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PTC during the 1st quarter worth $33,000. Zions Bancorporation National Association UT bought a new position in PTC during the 1st quarter worth $39,000. SVB Wealth LLC bought a new position in PTC during the 1st quarter worth $41,000. Finally, Geneos Wealth Management Inc. grew its stake in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president owned 15,743 shares of the company’s stock, valued at $3,405,053.47. This trade represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on PTC shares. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Royal Bank Of Canada upped their price objective on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, KeyCorp reiterated an “overweight” rating and set a $245.00 price objective (up from $192.00) on shares of PTC in a research report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $208.36.

PTC Trading Down 0.2%

NASDAQ:PTC opened at $197.38 on Friday. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 1.90 and a beta of 1.14. The business has a fifty day moving average of $205.82 and a 200-day moving average of $187.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%.The company had revenue of $643.94 million during the quarter, compared to analysts’ expectations of $582.12 million. During the same quarter in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities analysts predict that PTC Inc. will post 4.46 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.