Huntington National Bank Buys 243 Shares of PTC Inc. (NASDAQ:PTC)

Huntington National Bank increased its stake in shares of PTC Inc. (NASDAQ:PTC) by 111.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 461 shares of the technology company’s stock after purchasing an additional 243 shares during the quarter. Huntington National Bank’s holdings in PTC were worth $85,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PTC. Allworth Financial LP raised its stake in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Assetmark Inc. raised its position in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after purchasing an additional 297 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in PTC in the 4th quarter worth approximately $77,000. Smartleaf Asset Management LLC grew its position in shares of PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after buying an additional 205 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of PTC during the fourth quarter valued at approximately $84,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PTC has been the subject of a number of research analyst reports. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. KeyCorp increased their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Finally, Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.09.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by insiders.

PTC Price Performance

PTC opened at $139.77 on Monday. The firm has a market cap of $16.82 billion, a PE ratio of 43.14, a P/E/G ratio of 2.27 and a beta of 1.17. The stock has a 50-day moving average price of $166.16 and a 200-day moving average price of $180.28. PTC Inc. has a 1 year low of $135.46 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal 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.