North Star Asset Management Inc. Has $26.95 Million Position in PTC Inc. $PTC

North Star Asset Management Inc. raised its holdings in PTC Inc. (NASDAQ:PTC) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,349 shares of the technology company’s stock after acquiring an additional 5,681 shares during the quarter. PTC comprises approximately 1.1% of North Star Asset Management Inc.’s holdings, making the stock its 29th largest position. North Star Asset Management Inc. owned about 0.13% of PTC worth $26,945,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PTC. Zions Bancorporation National Association UT bought a new position in shares of PTC during the 1st quarter valued at $39,000. SVB Wealth LLC acquired a new position in PTC during the first quarter worth $41,000. Assetmark Inc. raised its holdings in PTC by 339.3% during the second quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after buying an additional 207 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of PTC by 247.2% in the first quarter. Covestor Ltd now owns 427 shares of the technology company’s stock worth $66,000 after buying an additional 304 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Trading Down 1.1%

Shares of PTC stock opened at $170.16 on Tuesday. The firm has a market capitalization of $20.38 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The firm’s fifty day simple moving average is $194.95 and its 200 day simple moving average is $191.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a net margin of 20.74% and a return on equity of 17.09%. The firm had revenue of $1.76 billion during the quarter. As a group, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PTC. Weiss Ratings raised PTC from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, November 19th. Piper Sandler lowered their price target on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada boosted their price objective on shares of PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Finally, Rosenblatt Securities dropped their target price on shares of PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.92.

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.