Zurcher Kantonalbank Zurich Cantonalbank Has $15.46 Million Stake in PTC Inc. (NASDAQ:PTC)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PTC Inc. (NASDAQ:PTC) by 205.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,373 shares of the technology company’s stock after buying an additional 59,396 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of PTC worth $15,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its holdings in shares of PTC by 22.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,141 shares of the technology company’s stock worth $375,000 after buying an additional 396 shares in the last quarter. Flputnam Investment Management Co. increased its holdings in shares of PTC by 13.0% in the fourth quarter. Flputnam Investment Management Co. now owns 63,551 shares of the technology company’s stock valued at $11,119,000 after purchasing an additional 7,332 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of PTC by 11.8% in the fourth quarter. Mackenzie Financial Corp now owns 9,847 shares of the technology company’s stock valued at $1,723,000 after purchasing an additional 1,039 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of PTC by 9.2% in the fourth quarter. Vontobel Holding Ltd. now owns 11,257 shares of the technology company’s stock valued at $1,970,000 after purchasing an additional 951 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of PTC by 3.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 788,746 shares of the technology company’s stock valued at $137,999,000 after purchasing an additional 23,716 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were 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 of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were 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 of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,415 shares of company stock valued at $6,457,478. Company insiders own 1.17% of the company’s stock.

PTC Price Performance

Shares of PTC stock opened at $175.70 on Friday. PTC Inc. has a 12-month low of $120.62 and a 12-month high of $194.24. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 89.19, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17. 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 firm has a fifty day moving average of $183.62 and a 200-day moving average of $168.40.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. On average, equities research analysts forecast that PTC Inc. will post 3.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PTC. BMO Capital Markets raised their price target on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Oppenheimer raised their price target on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 price target on shares of PTC in a report on Thursday, February 1st. Robert W. Baird reissued an “outperform” rating and issued a $210.00 price target on shares of PTC in a report on Tuesday, April 2nd. Finally, KeyCorp lifted their target price on shares of PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $196.73.

PTC Company 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.