Simon Quick Advisors LLC Has $275,000 Stake in PTC Inc. (NASDAQ:PTC)

Simon Quick Advisors LLC lifted its stake in PTC Inc. (NASDAQ:PTC) by 8.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,494 shares of the technology company’s stock after acquiring an additional 113 shares during the period. Simon Quick Advisors LLC’s holdings in PTC were worth $275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after purchasing an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP boosted its stake in shares of PTC by 542.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after purchasing an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in PTC in the third quarter valued at about $84,549,000. Citigroup Inc. grew its position in PTC by 28.4% during the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after acquiring an additional 32,984 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Up 0.6 %

PTC opened at $189.07 on Friday. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The firm has a market cap of $22.76 billion, a PE ratio of 60.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s fifty day moving average is $191.18 and its two-hundred day moving average is $183.04.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PTC. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler boosted their price target on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.54.

Insider Buying and Selling

In related news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. The trade was a 67.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is owned by company insiders.

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.