Atria Investments Inc Increases Stake in PTC Inc. (NASDAQ:PTC)

Atria Investments Inc grew its position in PTC Inc. (NASDAQ:PTC) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,455 shares of the technology company’s stock after acquiring an additional 620 shares during the quarter. Atria Investments Inc’s holdings in PTC were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its stake in shares of PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after acquiring an additional 5,717 shares during the period. Swedbank AB bought a new position in shares of PTC in the first quarter worth about $9,849,000. CWM LLC grew its holdings in shares of PTC by 112.0% in the second quarter. CWM LLC now owns 7,189 shares of the technology company’s stock worth $1,306,000 after purchasing an additional 3,798 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of PTC by 22.2% in the first quarter. Advisors Asset Management Inc. now owns 4,444 shares of the technology company’s stock worth $840,000 after purchasing an additional 807 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of PTC by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock worth $165,377,000 after purchasing an additional 40,462 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $188.50 on Thursday. PTC Inc. has a 52 week low of $152.68 and a 52 week high of $199.48. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22.64 billion, a P/E ratio of 60.86, a PEG ratio of 2.57 and a beta of 1.17. The company has a 50 day moving average price of $183.01 and a 200 day moving average price of $178.98.

Analysts Set New Price Targets

A number of research analysts have recently commented on PTC shares. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Piper Sandler increased their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.83.

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.