40 North Management LLC Has Lifted Its Ptc INC (PTC) Position by $18.12 Million

February 15, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.08, from 1.14 in 2017Q2. It is negative, as 39 investors sold PTC shares while 101 reduced holdings. 42 funds opened positions while 107 raised stakes. 87.30 million shares or 4.23% more from 83.76 million shares in 2017Q2 were reported. Oppenheimer Asset reported 0% in PTC Inc. (NASDAQ:PTC). 7,246 were accumulated by Teton. Tensile Management Lc has invested 8.46% in PTC Inc. (NASDAQ:PTC). Wellington Mgmt Ltd Liability Partnership reported 0% in PTC Inc. (NASDAQ:PTC). Manufacturers Life Ins The holds 0% or 129 shares. Federated Pa stated it has 0.01% in PTC Inc. (NASDAQ:PTC). Citadel Advsrs Ltd Llc has invested 0.04% in PTC Inc. (NASDAQ:PTC). Fdx Advsr accumulated 12,928 shares. Lord Abbett And Ltd Co has invested 0.02% in PTC Inc. (NASDAQ:PTC). Gateway Inv Advisers Llc accumulated 173,404 shares or 0.08% of the stock. California Employees Retirement System has 30,335 shares for 0% of their portfolio. Silvercrest Asset Group Limited Liability Company accumulated 39,392 shares. Ancora Advsrs Limited Liability invested 0.11% of its portfolio in PTC Inc. (NASDAQ:PTC). Proshare Llc owns 11,241 shares for 0.01% of their portfolio. 312,469 were accumulated by Segall Bryant And Hamill Limited Liability Company.

40 North Management Llc increased its stake in Ptc Inc (PTC) by 37.85% based on its latest 2017Q3 regulatory filing with the SEC. 40 North Management Llc bought 323,596 shares as the company’s stock rose 1.36% with the market. The institutional investor held 1.18 million shares of the prepackaged software company at the end of 2017Q3, valued at $66.33 million, up from 855,000 at the end of the previous reported quarter. 40 North Management Llc who had been investing in Ptc Inc for a number of months, seems to be bullish on the $8.55 billion market cap company. The stock increased 2.84% or $2.03 during the last trading session, reaching $73.48. About 409,689 shares traded. PTC Inc. (NASDAQ:PTC) has risen 57.23% since February 15, 2017 and is uptrending. It has outperformed by 40.53% the S&P500.

40 North Management Llc, which manages about $1.76 billion and $474.45M US Long portfolio, decreased its stake in Ashland Global Hldgs Inc by 125,844 shares to 325,573 shares, valued at $21.29 million in 2017Q3, according to the filing.

More notable recent PTC Inc. (NASDAQ:PTC) news were published by: Nasdaq.com which released: “PTC Inc. (PTC) Has Leaped To A New High On Better Than Expected Q1 Earnings” on January 18, 2018, also Nasdaq.com with their article: “PTC Inc. Profit Climbs 17% In Q1” published on January 17, 2018, Streetinsider.com published: “PTC Inc. (PTC) PT Raised to $78 at Citi Following 1Q” on January 18, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Seekingalpha.com and their article: “PTC +5.7% after Q1 beats, in-line guidance” published on January 17, 2018 as well as Streetinsider.com‘s news article titled: “BofA/Merrill Lynch Upgrades PTC Inc. (PTC) to Neutral, NT Downside Risk is Limited” with publication date: January 18, 2018.

PTC Inc. (NASDAQ:PTC) Ratings Coverage

Among 17 analysts covering PTC (NASDAQ:PTC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. PTC had 48 analyst reports since July 30, 2015 according to SRatingsIntel. Wedbush maintained it with “Outperform” rating and $56 target in Wednesday, November 9 report. Robert W. Baird maintained PTC Inc. (NASDAQ:PTC) rating on Thursday, January 4. Robert W. Baird has “Buy” rating and $68.0 target. As per Friday, November 4, the company rating was initiated by Goldman Sachs. Guggenheim maintained the stock with “Hold” rating in Thursday, January 18 report. The firm has “Buy” rating given on Monday, September 21 by Wedbush. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets. The rating was maintained by Evercore with “Buy” on Monday, June 12. On Thursday, January 18 the stock rating was maintained by Barclays Capital with “Buy”. On Wednesday, July 19 the stock rating was maintained by Evercore with “Buy”. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Evercore on Monday, August 28.

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