PTC Inc. (NASDAQ:PTC) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,945 shares of the technology company’s stock after buying an additional 909 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.10% of PTC worth $20,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of PTC by 762.5% in the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after buying an additional 122 shares during the period. First Horizon Advisors Inc. lifted its holdings in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of PTC during the 2nd quarter valued at about $29,000. International Assets Investment Management LLC bought a new position in shares of PTC during the 2nd quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of PTC in the 2nd quarter worth approximately $31,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Trading Up 0.8 %

NASDAQ PTC opened at $172.23 on Monday. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 72.06, a PEG ratio of 3.14 and a beta of 1.18. The firm’s 50 day moving average price is $174.74 and its two-hundred day moving average price is $178.83.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $518.64 million during 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%. Equities analysts anticipate that PTC Inc. will post 3.52 EPS for the current year.

Insider Buying and Selling at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the sale, the director now owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Friday, July 12th. The shares were sold at an average price of $179.33, for a total value of $717,320.00. Following the completion of the sale, the director now owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the sale, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $2,431,330 in the last quarter. Company insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PTC. Piper Sandler raised their target price on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Mizuho restated a “neutral” rating and issued a $190.00 price target (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Rosenblatt Securities lifted their price target 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. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $200.18.

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.