GCM Grosvenor Holdings LLC Grows Position in PTC Inc. (NASDAQ:PTC)

GCM Grosvenor Holdings LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,000 shares of the technology company’s stock after purchasing an additional 8,149 shares during the quarter. PTC comprises 2.4% of GCM Grosvenor Holdings LLC’s portfolio, making the stock its 12th largest position. GCM Grosvenor Holdings LLC owned about 0.08% of PTC worth $16,532,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares during the period. Wellington Management Group LLP boosted its stake in shares of PTC by 1,409.3% in the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after purchasing an additional 1,569,081 shares during the period. Impax Asset Management Group plc boosted its stake in shares of PTC by 4.4% in the second quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after purchasing an additional 48,553 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of PTC by 18.4% in the first quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock valued at $201,537,000 after purchasing an additional 166,112 shares during the period. Finally, Twin Focus Capital Partners LLC purchased a new position in shares of PTC in the fourth quarter valued at $177,081,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the 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 completion of the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Staats Aaron C. Von sold 1,000 shares of the 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 completion of the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $2,431,330 in the last 90 days. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Up 1.2 %

PTC stock opened at $177.96 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The firm’s 50-day simple moving average is $174.12 and its 200 day simple moving average is $178.48. The stock has a market cap of $21.30 billion, a PE ratio of 74.46, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The business had revenue of $518.64 million for the quarter, compared to analysts’ expectations of $533.04 million. As a group, sell-side analysts predict that PTC Inc. will post 3.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PTC. Piper Sandler upped their target price on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Mizuho reaffirmed a “neutral” rating and issued a $190.00 price target (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Rosenblatt Securities upped 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 price target on shares of PTC 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 company’s stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average price target 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.