Diversify Advisory Services LLC Has $308,000 Stock Position in PTC Inc. (NASDAQ:PTC)

Diversify Advisory Services LLC lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,691 shares of the technology company’s stock after selling 75 shares during the quarter. Diversify Advisory Services LLC’s holdings in PTC were worth $308,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PTC. Diversify Wealth Management LLC grew its holdings in PTC by 40.9% during the 4th quarter. Diversify Wealth Management LLC now owns 4,606 shares of the technology company’s stock worth $840,000 after acquiring an additional 1,337 shares during the period. HB Wealth Management LLC raised its stake in shares of PTC by 9.8% in the 4th quarter. HB Wealth Management LLC now owns 2,165 shares of the technology company’s stock valued at $398,000 after purchasing an additional 194 shares during the period. Steph & Co. raised its position in PTC by 41.0% in the 4th quarter. Steph & Co. now owns 1,263 shares of the technology company’s stock valued at $232,000 after buying an additional 367 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of PTC by 29.3% in the fourth quarter. Park Avenue Securities LLC now owns 1,975 shares of the technology company’s stock worth $363,000 after purchasing an additional 448 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in PTC by 110.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 87,674 shares of the technology company’s stock worth $16,121,000 after buying an additional 46,017 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Up 0.0 %

Shares of NASDAQ PTC opened at $187.93 on Thursday. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $22.62 billion, a PE ratio of 60.43, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The company has a 50 day simple moving average of $191.29 and a 200 day simple moving average of $183.01.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly 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. Over the last 90 days, insiders have sold 18,242 shares of company stock worth $3,630,716. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PTC. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and lowered their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.54.

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.