XTX Topco Ltd Acquires 5,425 Shares of PTC Inc. (NASDAQ:PTC)

XTX Topco Ltd boosted its holdings in PTC Inc. (NASDAQ:PTC) by 246.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,630 shares of the technology company’s stock after purchasing an additional 5,425 shares during the quarter. XTX Topco Ltd’s holdings in PTC were worth $1,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake in PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares during the period. Blue Trust Inc. increased its stake in PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Rothschild Investment LLC acquired a new position in PTC during the second quarter worth $29,000. International Assets Investment Management LLC bought a new position in shares of PTC in the second quarter valued at $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of PTC during the second quarter valued at about $31,000. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Down 1.8 %

PTC stock opened at $175.90 on Friday. The firm has a 50 day moving average price of $174.25 and a 200-day moving average price of $178.58. 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 twelve month low of $134.61 and a twelve month high of $194.24. The company has a market capitalization of $21.13 billion, a P/E ratio of 73.60, a P/E/G ratio of 3.24 and a beta of 1.18.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $518.64 million during the quarter, compared to analyst estimates of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. As a group, equities analysts predict that PTC Inc. will post 3.52 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other PTC news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of PTC 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 transaction, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $2,431,330 over the last quarter. 1.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PTC shares. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research note on Thursday, August 1st. Piper Sandler upped their target price on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Mizuho reissued a “neutral” rating and set a $190.00 price target (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Finally, Rosenblatt Securities upped their price objective on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

About PTC

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.