Nomura Asset Management Co. Ltd. Sells 3,180 Shares of PTC Inc. (NASDAQ:PTC)

Nomura Asset Management Co. Ltd. reduced its holdings in PTC Inc. (NASDAQ:PTC) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,367 shares of the technology company’s stock after selling 3,180 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PTC were worth $36,106,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Congress Wealth Management LLC DE increased its position in PTC by 1.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 16,623 shares of the technology company’s stock worth $2,908,000 after buying an additional 313 shares during the period. Neuberger Berman Group LLC increased its position in shares of PTC by 2.6% during the fourth quarter. Neuberger Berman Group LLC now owns 7,930 shares of the technology company’s stock valued at $1,387,000 after purchasing an additional 202 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of PTC by 2.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 4,477 shares of the technology company’s stock valued at $760,000 after purchasing an additional 128 shares during the period. US Bancorp DE increased its position in shares of PTC by 0.8% during the fourth quarter. US Bancorp DE now owns 9,931 shares of the technology company’s stock valued at $1,738,000 after purchasing an additional 77 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of PTC by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 1,192,272 shares of the technology company’s stock valued at $208,600,000 after purchasing an additional 13,468 shares during the period. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

PTC stock traded up $0.40 on Friday, reaching $183.00. The company’s stock had a trading volume of 550,430 shares, compared to its average volume of 851,784. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 76.57, a PEG ratio of 3.43 and a beta of 1.19. The business’s fifty day moving average price is $182.43 and its 200 day moving average price is $175.57. PTC Inc. has a twelve month low of $129.91 and a twelve month high of $194.24.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The company had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. Equities analysts expect that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. KeyCorp boosted their price objective on PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Barclays boosted their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Citigroup lowered their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Robert W. Baird boosted their price objective on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.64.

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.