PTC Inc. (NASDAQ:PTC) Stock Holdings Increased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. raised its stake in PTC Inc. (NASDAQ:PTC) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,677 shares of the technology company’s stock after buying an additional 639 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in PTC were worth $1,748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elo Mutual Pension Insurance Co bought a new stake in shares of PTC in the 4th quarter valued at approximately $1,815,000. Verition Fund Management LLC grew its holdings in shares of PTC by 45.2% during the 4th quarter. Verition Fund Management LLC now owns 56,227 shares of the technology company’s stock worth $9,837,000 after purchasing an additional 17,501 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of PTC by 2.6% during the fourth quarter. Neuberger Berman Group LLC now owns 7,930 shares of the technology company’s stock valued at $1,387,000 after purchasing an additional 202 shares during the period. Grayhawk Investment Strategies Inc. acquired a new stake in PTC during the fourth quarter worth $759,000. Finally, Okabena Investment Services Inc. bought a new stake in PTC in the 4th quarter valued at $603,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PTC shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 price objective on shares of PTC in a report on Thursday, August 1st. Rosenblatt Securities increased their price target on shares of PTC from $190.00 to $195.00 and gave the company a “buy” 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. Finally, Piper Sandler raised their price objective 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. Four investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.18.

Insider Activity at PTC

In related news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the sale, the director now owns 48,137 shares in the company, valued at approximately $8,632,408.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction dated 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 directly owns 48,137 shares of the company’s stock, valued at $8,632,408.21. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,000 shares of company stock valued at $2,431,330. 1.17% of the stock is owned by corporate insiders.

PTC Stock Up 1.3 %

Shares of NASDAQ:PTC traded up $2.34 during midday trading on Wednesday, reaching $180.34. 60,620 shares of the company were exchanged, compared to its average volume of 809,169. The firm has a market cap of $21.59 billion, a PE ratio of 74.48, a P/E/G ratio of 2.58 and a beta of 1.17. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The stock has a fifty day simple moving average of $174.45 and a two-hundred day simple moving average of $177.95. 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 (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $518.64 million for 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%. As a group, sell-side analysts forecast that PTC Inc. will post 3.52 earnings per share for the current year.

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.