PTC Inc. (NASDAQ:PTC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in PTC Inc. (NASDAQ:PTC) by 86.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,600 shares of the technology company’s stock after buying an additional 1,208 shares during the quarter. GAMMA Investing LLC’s holdings in PTC were worth $478,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Covestor Ltd boosted its stake in shares of PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of PTC by 66.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company’s stock worth $42,000 after purchasing an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of PTC during the 3rd quarter worth $66,000. Park Place Capital Corp purchased a new position in shares of PTC in the 3rd quarter valued at about $67,000. Finally, Resources Management Corp CT ADV lifted its stake in shares of PTC by 95.3% in the second quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company’s stock valued at $130,000 after purchasing an additional 348 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

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

PTC Trading Up 0.8 %

Shares of PTC opened at $184.54 on Monday. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a market capitalization of $22.17 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18. The stock has a fifty day moving average of $192.36 and a two-hundred day moving average of $182.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of research analyst reports. Robert W. Baird increased 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 dropped their price objective for the company from $210.00 to $196.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Piper Sandler raised their price target on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.54.

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.