PTC Inc. (NASDAQ:PTC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 786.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445 shares of the technology company’s stock after purchasing an additional 1,282 shares during the period. International Assets Investment Management LLC’s holdings in PTC were worth $261,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PTC. Intech Investment Management LLC boosted its stake in PTC by 180.8% during the 1st quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock valued at $5,115,000 after acquiring an additional 17,430 shares during the last quarter. Swedbank AB bought a new position in PTC during the 1st quarter valued at $9,849,000. TD Asset Management Inc boosted its stake in PTC by 5.9% during the 1st quarter. TD Asset Management Inc now owns 437,643 shares of the technology company’s stock valued at $82,688,000 after acquiring an additional 24,372 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in PTC by 234.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 34,847 shares of the technology company’s stock valued at $6,584,000 after acquiring an additional 24,415 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in PTC during the 1st quarter valued at $2,595,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business’s 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 sale, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PTC. Piper Sandler raised their price target on shares of 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 shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird raised their price target on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research report on Thursday, August 1st. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.67.

PTC Stock Up 4.2 %

PTC stock opened at $198.04 on Thursday. 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 $147.95 and a fifty-two week high of $199.48. The firm’s 50-day simple moving average is $179.50 and its 200 day simple moving average is $178.13. The stock has a market cap of $23.79 billion, a PE ratio of 80.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17.

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.