Strategic Advisors LLC Purchases 134 Shares of PTC Inc. (NASDAQ:PTC)

Strategic Advisors LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,362 shares of the technology company’s stock after purchasing an additional 134 shares during the quarter. Strategic Advisors LLC’s holdings in PTC were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. First Horizon Advisors Inc. raised 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 worth $26,000 after acquiring an additional 62 shares during the period. Rothschild Investment LLC bought a new stake in PTC during the 2nd quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in PTC during the 2nd quarter worth approximately $30,000. Finally, OFI Invest Asset Management bought a new stake in PTC during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 0.4 %

NASDAQ PTC traded down $0.71 on Thursday, reaching $180.88. The company had a trading volume of 146,691 shares, compared to its average volume of 808,126. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 75.85, a P/E/G ratio of 2.58 and a beta of 1.17. The business has a 50 day moving average of $174.55 and a two-hundred day moving average of $177.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24.

PTC (NASDAQ:PTC) last issued its earnings results 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. 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%. Analysts forecast that PTC Inc. will post 3.52 EPS for the current year.

Insider Activity

In related news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction that occurred 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 $8,632,408.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Janice Chaffin sold 4,000 shares of the business’s 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 completion of the transaction, the director now directly owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,000 shares of company stock valued at $2,431,330. 1.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Rosenblatt Securities upped their price target on PTC from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Piper Sandler increased 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, Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.18.

About PTC

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.