Ensign Peak Advisors Inc Has $7.71 Million Holdings in PTC Inc. $PTC

Ensign Peak Advisors Inc trimmed its stake in PTC Inc. (NASDAQ:PTC) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,716 shares of the technology company’s stock after selling 11,240 shares during the period. Ensign Peak Advisors Inc’s holdings in PTC were worth $7,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PTC. Zions Bancorporation National Association UT bought a new stake in shares of PTC in the 1st quarter valued at about $39,000. SVB Wealth LLC bought a new stake in PTC in the first quarter valued at approximately $41,000. Assetmark Inc. increased its position in PTC by 339.3% during the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after purchasing an additional 207 shares during the period. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 76 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of PTC by 247.2% in the 1st quarter. Covestor Ltd now owns 427 shares of the technology company’s stock worth $66,000 after purchasing an additional 304 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PTC has been the subject of several recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of PTC in a research report on Tuesday, July 29th. Piper Sandler decreased their price target on PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, November 7th. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $120.00 target price on PTC and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Stifel Nicolaus raised their target price on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.92.

PTC Stock Performance

Shares of PTC stock opened at $170.16 on Tuesday. The business has a 50-day simple moving average of $194.95 and a 200 day simple moving average of $191.59. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $20.38 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.90 and a beta of 1.15.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a return on equity of 17.09% and a net margin of 20.74%.The firm had revenue of $1.76 billion during the quarter. On average, research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.