Oppenheimer Asset Management Inc. Buys 536 Shares of PTC Inc. (NASDAQ:PTC)

Oppenheimer Asset Management Inc. increased its stake in PTC Inc. (NASDAQ:PTC) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,726 shares of the technology company’s stock after buying an additional 536 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PTC were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. grew its stake in shares of PTC by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock worth $458,000 after acquiring an additional 55 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position 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 purchasing an additional 61 shares during the last quarter. Diversified Trust Co increased its stake in PTC by 2.9% during the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after purchasing an additional 62 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in PTC by 77.5% in the second 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 last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in shares of PTC by 5.4% in the first quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after buying an additional 74 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC opened at $175.90 on Friday. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 73.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $174.25 and a 200 day moving average of $178.58.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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 firm had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. On average, research analysts anticipate that PTC Inc. will post 3.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $179.33, for a total transaction of $717,320.00. Following the transaction, the director now directly owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Janice Chaffin sold 4,000 shares of the 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 directly owns 48,137 shares of the company’s stock, valued at $8,632,408.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the transaction, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock worth $2,431,330 over the last quarter. 1.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PTC. Royal Bank of Canada reissued an “outperform” rating and set a $202.00 price target on shares of PTC in a research 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 note on Tuesday, June 4th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Piper Sandler boosted their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Rosenblatt Securities raised their price target on shares of PTC from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.18.

PTC Company 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.