PTC Inc. (NASDAQ:PTC) Shares Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,545 shares of the technology company’s stock after acquiring an additional 4,386 shares during the period. PTC makes up approximately 0.9% of Portfolio Design Labs LLC’s portfolio, making the stock its 27th biggest holding. Portfolio Design Labs LLC’s holdings in PTC were worth $4,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Covestor Ltd boosted its position in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares in the last quarter. Brooklyn Investment Group purchased a new stake in PTC during the third quarter worth $66,000. Blue Trust Inc. boosted its position in PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after purchasing an additional 654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC during the third quarter worth $152,000. Finally, Signaturefd LLC boosted its position in PTC by 9.3% during the third quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of several recent research reports. Piper Sandler upped their price objective on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the transaction, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. This trade represents a 11.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock worth $3,630,716 in the last 90 days. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

PTC stock opened at $167.98 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The firm has a market cap of $20.22 billion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The stock has a 50-day simple moving average of $188.70 and a 200-day simple moving average of $183.66.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts predict that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

About PTC

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.