Lombard Odier Asset Management Europe Ltd Grows Stock Position in PTC Inc. (NASDAQ:PTC)

Lombard Odier Asset Management Europe Ltd grew its position in shares of PTC Inc. (NASDAQ:PTC) by 29.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,425 shares of the technology company’s stock after purchasing an additional 18,288 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.07% of PTC worth $14,611,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares of the company’s stock, valued at $7,562,433.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the sale, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,000 shares of company stock worth $2,431,330. 1.17% of the stock is owned by insiders.

PTC Stock Performance

Shares of PTC stock opened at $175.90 on Monday. The business has a 50 day simple moving average of $174.25 and a 200 day simple moving average of $178.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 73.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24.

PTC (NASDAQ:PTC) last announced 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 firm 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%. On average, equities research analysts anticipate that PTC Inc. will post 3.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on PTC shares. Piper Sandler increased their price target on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Mizuho reiterated a “neutral” rating and issued a $190.00 target price (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research note on Thursday, August 1st. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Rosenblatt Securities increased their target price on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.