PTC Inc. (NASDAQ:PTC) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in PTC Inc. (NASDAQ:PTC) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,214 shares of the technology company’s stock after acquiring an additional 242 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PTC were worth $2,387,000 as of its most recent filing with the SEC.

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

PTC Stock Up 0.2 %

Shares of NASDAQ PTC opened at $184.81 on Tuesday. The stock has a market capitalization of $22.12 billion, a PE ratio of 77.33, a P/E/G ratio of 2.73 and a beta of 1.17. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $176.63 and a 200-day moving average of $177.59. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24.

PTC (NASDAQ:PTC) last posted its quarterly 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 the consensus estimate of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. On average, analysts anticipate that PTC Inc. will post 3.51 EPS for the current year.

Insider Activity at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now owns 44,137 shares in the company, valued at $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $685,360.00. Following the sale, the director now owns 44,137 shares in the company, valued at $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at $2,363,340. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,000 shares of company stock worth $1,714,010. Company insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. 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 report on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $202.00 price objective on shares of PTC 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.18.

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.