Stifel Financial Corp Has $1.71 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Stifel Financial Corp raised its position in shares of PTC Inc. (NASDAQ:PTC) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,449 shares of the technology company’s stock after buying an additional 1,487 shares during the period. Stifel Financial Corp’s holdings in PTC were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in PTC by 19.5% in the 3rd quarter. Quantinno Capital Management LP now owns 2,826 shares of the technology company’s stock worth $511,000 after purchasing an additional 462 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of PTC by 3.6% during the third quarter. Royal London Asset Management Ltd. now owns 48,315 shares of the technology company’s stock valued at $8,729,000 after acquiring an additional 1,673 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in PTC by 449.6% in the third quarter. Polar Asset Management Partners Inc. now owns 62,100 shares of the technology company’s stock valued at $11,219,000 after acquiring an additional 50,800 shares during the last quarter. Investment Management Corp of Ontario lifted its position in PTC by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 3,995 shares of the technology company’s stock valued at $722,000 after purchasing an additional 1,300 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in PTC by 42.4% in the third quarter. Janus Henderson Group PLC now owns 16,114 shares of the technology company’s stock valued at $2,912,000 after acquiring an additional 4,800 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird upped their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and reduced their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $207.54.

Insiders Place Their Bets

In related news, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. 1.17% of the stock is currently owned by company insiders.

PTC Stock Performance

Shares of PTC stock opened at $187.58 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC Inc. has a one year low of $163.30 and a one year high of $203.09. The business’s 50 day simple moving average is $192.29 and its 200 day simple moving average is $181.73. The stock has a market capitalization of $22.53 billion, a PE ratio of 60.32, a PEG ratio of 2.70 and a beta of 1.16.

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.