PTC Inc. (NASDAQ:PTC) Shares Sold by Creative Planning

Creative Planning reduced its holdings in PTC Inc. (NASDAQ:PTC) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,022 shares of the technology company’s stock after selling 163 shares during the period. Creative Planning’s holdings in PTC were worth $907,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of PTC by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after acquiring an additional 61 shares during the last quarter. Diversified Trust Co boosted its stake in shares of PTC by 2.9% in the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after acquiring an additional 62 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of PTC by 77.5% in the second 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 last quarter. Fidelis Capital Partners LLC boosted its stake in shares of PTC by 5.4% in the first quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after acquiring an additional 74 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of PTC by 4.0% in the first quarter. Bleakley Financial Group LLC now owns 2,052 shares of the technology company’s stock worth $388,000 after acquiring an additional 78 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Down 0.2 %

PTC opened at $185.03 on Friday. PTC Inc. has a 12 month low of $135.16 and a 12 month high of $194.24. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 75.52, a PEG ratio of 2.75 and a beta of 1.17. 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 business has a fifty day moving average price of $178.53 and a 200 day moving average price of $177.82.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. Sell-side analysts expect that PTC Inc. will post 3.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their price objective on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.67.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at $2,363,340. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,000 shares of company stock valued at $1,714,010. 1.17% of the stock is currently owned by corporate insiders.

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.