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

February 15, 2018 - By Darrin Black

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.08, from 1.14 in 2017Q2. It worsened, 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. Franklin Res holds 0% or 49,020 shares in its portfolio. Fred Alger Mgmt Incorporated reported 0.08% of its portfolio in PTC Inc. (NASDAQ:PTC). Cohen Klingenstein Ltd holds 16,041 shares. Retirement Of Alabama reported 0.04% in PTC Inc. (NASDAQ:PTC). State Of New Jersey Common Pension Fund D reported 1.15 million shares. Praesidium Inv Ltd holds 2.10M shares. M&T Fincl Bank stated it has 0% of its portfolio in PTC Inc. (NASDAQ:PTC). Fifth Third National Bank & Trust invested in 0% or 31 shares. New York State Teachers Retirement owns 195,584 shares or 0.03% of their US portfolio. Fil Ltd accumulated 444,135 shares. Moreover, Lagoda Inv Mgmt LP has 2.75% invested in PTC Inc. (NASDAQ:PTC). Pnc Service Gru reported 2,474 shares or 0% of all its holdings. Raymond James And Associate, a Florida-based fund reported 195,100 shares. Tdam Usa accumulated 44,214 shares or 0.15% of the stock. New York-based Timessquare Mgmt Lc has invested 0.35% in PTC Inc. (NASDAQ:PTC).

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 1.18M 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 $1.76B 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: Streetinsider.com which released: “PTC Inc. (PTC) PT Raised to $78 at Citi Following 1Q” on January 18, 2018, also Nasdaq.com with their article: “PTC Inc. (PTC) Has Leaped To A New High On Better Than Expected Q1 Earnings” published on January 18, 2018, Seekingalpha.com published: “PTC +5.7% after Q1 beats, in-line guidance” on January 17, 2018. More interesting news about PTC Inc. (NASDAQ:PTC) were released by: Streetinsider.com and their article: “BofA/Merrill Lynch Upgrades PTC Inc. (PTC) to Neutral, NT Downside Risk is Limited” published on January 18, 2018 as well as Nasdaq.com‘s news article titled: “PTC Inc. Profit Climbs 17% In Q1” with publication date: January 17, 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. Pacific Crest initiated PTC Inc. (NASDAQ:PTC) on Thursday, October 8 with “Overweight” rating. The stock of PTC Inc. (NASDAQ:PTC) earned “Outperform” rating by Wedbush on Thursday, January 19. The firm has “Outperform” rating by Wedbush given on Thursday, October 27. The stock has “Buy” rating by Evercore on Monday, June 12. On Thursday, January 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Thursday, October 26. RBC Capital Markets maintained PTC Inc. (NASDAQ:PTC) rating on Wednesday, November 9. RBC Capital Markets has “Outperform” rating and $55 target. The stock of PTC Inc. (NASDAQ:PTC) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, October 26. The stock of PTC Inc. (NASDAQ:PTC) has “Outperform” rating given on Thursday, August 6 by CLSA. The stock of PTC Inc. (NASDAQ:PTC) earned “Buy” rating by Wedbush on Monday, September 21.

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