Czech National Bank Purchases 1,575 Shares of PTC Inc. (NASDAQ:PTC)

Czech National Bank raised its holdings in shares of PTC Inc. (NASDAQ:PTC) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 26,047 shares of the technology company’s stock after buying an additional 1,575 shares during the period. Czech National Bank’s holdings in PTC were worth $4,789,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. IFM Investors Pty Ltd grew its holdings in shares of PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the last quarter. Metis Global Partners LLC boosted its stake in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC increased its holdings in PTC by 9.3% during the 3rd 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. Equitable Trust Co. raised its stake in shares of PTC by 2.2% in the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock worth $651,000 after purchasing an additional 79 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 0.1 %

Shares of PTC stock opened at $185.37 on Thursday. The stock has a market capitalization of $22.31 billion, a P/E ratio of 59.60, a P/E/G ratio of 2.70 and a beta of 1.18. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09. 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 stock’s 50-day simple moving average is $191.68 and its 200 day simple moving average is $182.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and lowered their price target for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada increased their target price on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $207.54.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 over the last quarter. Company insiders own 0.32% 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.