180 Shares in PTC Inc. (NASDAQ:PTC) Purchased by OFI Invest Asset Management

OFI Invest Asset Management bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 180 shares of the technology company’s stock, valued at approximately $31,000.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after acquiring an additional 122 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of PTC in the 1st quarter valued at $34,000. Principal Securities Inc. bought a new stake in PTC in the fourth quarter worth $46,000. Finally, Massmutual Trust Co. FSB ADV increased its position in PTC by 98.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 354 shares of the technology company’s stock worth $64,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the transaction, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at $9,734,056.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at $9,734,056.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,846 shares of company stock worth $4,568,961. Company insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PTC. Citigroup decreased their price target on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird increased their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Piper Sandler boosted their price objective on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, August 1st. Finally, Rosenblatt Securities boosted their target price on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

PTC Stock Up 0.1 %

PTC stock opened at $173.56 on Monday. The business’s 50-day simple moving average is $176.60 and its 200 day simple moving average is $179.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The company has a market cap of $20.85 billion, a PE ratio of 72.62, a price-to-earnings-growth ratio of 3.21 and a beta of 1.18.

PTC Company 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.