PTC Inc. (NASDAQ:PTC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 86.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,600 shares of the technology company’s stock after buying an additional 1,208 shares during the period. GAMMA Investing LLC’s holdings in PTC were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the period. Brown Brothers Harriman & Co. grew its position in PTC by 66.4% in the second quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of PTC during the third quarter valued at approximately $66,000. Park Place Capital Corp acquired a new position in shares of PTC during the third quarter worth $67,000. Finally, Resources Management Corp CT ADV boosted its stake in shares of PTC by 95.3% in the second quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company’s stock valued at $130,000 after purchasing an additional 348 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the firm’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 completion of the sale, the chief accounting officer now owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last quarter. 1.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PTC shares. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and dropped their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $207.54.

PTC Trading Up 0.8 %

PTC stock opened at $184.54 on Monday. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The firm’s 50-day moving average is $192.36 and its 200-day moving average is $182.55. 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 company has a market cap of $22.17 billion, a P/E ratio of 59.34, a PEG ratio of 2.70 and a beta of 1.18.

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.