Lombard Odier Asset Management Switzerland SA Invests $215,000 in PTC Inc. (NASDAQ:PTC)

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of PTC Inc. (NASDAQ:PTCGet Rating) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,773 shares of the technology company’s stock, valued at approximately $215,000.

Several other large investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in shares of PTC by 29.4% during the 4th quarter. Guggenheim Capital LLC now owns 18,981 shares of the technology company’s stock worth $2,299,000 after acquiring an additional 4,310 shares in the last quarter. Wahed Invest LLC acquired a new position in shares of PTC during the 4th quarter worth about $153,000. Impax Asset Management Group plc boosted its position in shares of PTC by 13.5% during the 4th quarter. Impax Asset Management Group plc now owns 4,569,209 shares of the technology company’s stock worth $552,193,000 after acquiring an additional 542,019 shares in the last quarter. Standard Investments LLC boosted its position in shares of PTC by 36.8% during the 4th quarter. Standard Investments LLC now owns 4,368,000 shares of the technology company’s stock worth $529,183,000 after acquiring an additional 1,175,464 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of PTC by 365.7% during the 4th quarter. Alliancebernstein L.P. now owns 3,221,866 shares of the technology company’s stock worth $390,329,000 after acquiring an additional 2,530,102 shares in the last quarter. 86.56% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on PTC shares. Royal Bank of Canada lowered their price objective on PTC from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, April 25th. TheStreet raised PTC from a “c+” rating to a “b-” rating in a research report on Wednesday, April 27th. Mizuho upped their target price on PTC from $125.00 to $135.00 in a research report on Thursday, April 28th. Citigroup decreased their target price on PTC from $120.00 to $110.00 in a research report on Monday, April 25th. Finally, Barclays decreased their target price on PTC from $141.00 to $120.00 in a research report on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $136.50.

PTC opened at $118.56 on Friday. The business has a 50 day moving average price of $107.97 and a two-hundred day moving average price of $112.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.87 billion, a PE ratio of 29.35, a P/E/G ratio of 2.95 and a beta of 1.13. PTC Inc. has a 52 week low of $96.55 and a 52 week high of $153.73.

PTC (NASDAQ:PTCGet Rating) last issued its earnings results on Wednesday, April 27th. The technology company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.34. The business had revenue of $505.23 million during the quarter, compared to the consensus estimate of $482.34 million. PTC had a return on equity of 19.08% and a net margin of 25.54%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. As a group, sell-side analysts expect that PTC Inc. will post 3.44 EPS for the current fiscal year.

In related news, EVP Staats Aaron C. Von sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $116.46, for a total value of $209,628.00. Following the completion of the transaction, the executive vice president now directly owns 24,293 shares of the company’s stock, valued at approximately $2,829,162.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Heppelmann sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $113.75, for a total value of $568,750.00. Following the completion of the transaction, the chief executive officer now directly owns 804,512 shares of the company’s stock, valued at $91,513,240. The disclosure for this sale can be found here. Company insiders own 10.15% of the company’s stock.

About PTC (Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

Further Reading

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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