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

February 15, 2018 - By Rodney Autry

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. Nicholas Inv Prtnrs Ltd Partnership invested in 63,054 shares or 0.25% of the stock. Stone Run Capital Limited Liability holds 1.71% of its portfolio in PTC Inc. (NASDAQ:PTC) for 59,240 shares. Moreover, Nj State Employees Deferred Compensation Plan has 0.26% invested in PTC Inc. (NASDAQ:PTC) for 25,000 shares. Canada Pension Plan Board stated it has 0% of its portfolio in PTC Inc. (NASDAQ:PTC). Illinois-based Citadel Advsr Llc has invested 0.04% in PTC Inc. (NASDAQ:PTC). 64,245 were accumulated by Secor Advisors Limited Partnership. 1832 Asset Lp reported 0.01% of its portfolio in PTC Inc. (NASDAQ:PTC). Segall Bryant & Hamill Ltd holds 312,469 shares or 0.41% of its portfolio. Great West Life Assurance Can has invested 0.01% in PTC Inc. (NASDAQ:PTC). Friedberg Investment reported 37,850 shares stake. Pennant Cap Management Limited Co holds 416,992 shares or 1.44% of its portfolio. Arrowstreet Cap Ltd Partnership reported 36,594 shares. Oakbrook Limited, a Illinois-based fund reported 7,950 shares. 40 North Management Limited Com stated it has 1.18 million shares or 13.98% of all its holdings. Aureus Asset Lc has invested 0.04% 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 $1.76 billion and $474.45 million US Long portfolio, decreased its stake in Ashland Global Hldgs Inc by 125,844 shares to 325,573 shares, valued at $21.29M 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, Streetinsider.com published: “BofA/Merrill Lynch Upgrades PTC Inc. (PTC) to Neutral, NT Downside Risk is Limited” 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 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. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Robert W. Baird on Thursday, August 31 with “Buy”. RBC Capital Markets maintained the shares of PTC in report on Thursday, July 27 with “Buy” rating. The firm has “Buy” rating by Evercore given on Monday, August 28. Robert W. Baird maintained the shares of PTC in report on Thursday, January 25 with “Buy” rating. On Thursday, October 8 the stock rating was initiated by KeyBanc Capital Markets with “Overweight”. On Wednesday, November 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Thursday, January 18 by Wedbush. The company was maintained on Thursday, October 27 by Wedbush. KeyBanc Capital Markets maintained it with “Buy” rating and $64.0 target in Wednesday, September 6 report.

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