1,527 Shares in PTC Inc. (NASDAQ:PTC) Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) during the third quarter, Holdings Channel.com reports. The firm acquired 1,527 shares of the technology company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PTC. Oregon Public Employees Retirement Fund boosted its holdings in PTC by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after acquiring an additional 61 shares during the period. Diversified Trust Co grew its holdings in shares of PTC by 2.9% in the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after purchasing an additional 62 shares during the last quarter. First Horizon Advisors Inc. increased its stake in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares during the period. Fidelis Capital Partners LLC lifted its holdings in PTC by 5.4% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock valued at $275,000 after buying an additional 74 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its position in PTC by 4.0% in the 1st quarter. Bleakley Financial Group LLC now owns 2,052 shares of the technology company’s stock valued at $388,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research note on Thursday. Piper Sandler upped their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price target on shares of PTC in a research note on Thursday, August 1st. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

PTC Stock Up 0.3 %

NASDAQ:PTC opened at $181.00 on Monday. The company has a current ratio of 0.70, a quick 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 $21.67 billion, a PE ratio of 75.73, a P/E/G ratio of 2.67 and a beta of 1.17. The company’s 50 day moving average is $174.82 and its two-hundred day moving average is $177.68.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. Analysts anticipate that PTC Inc. will post 3.51 EPS for the current year.

Insider Activity

In other news, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the sale, the director now directly owns 59,616 shares of the company’s stock, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PTC news, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,000 shares of company stock valued at $1,714,010. Company insiders own 1.17% of the company’s stock.

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.