PTC Inc. (NASDAQ:PTC) Shares Purchased by HighVista Strategies LLC

HighVista Strategies LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 43.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,581 shares of the technology company’s stock after buying an additional 3,200 shares during the quarter. HighVista Strategies LLC’s holdings in PTC were worth $1,922,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of PTC by 1.5% during the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after buying an additional 205,673 shares in the last quarter. Wellington Management Group LLP grew its stake in PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after acquiring an additional 1,569,081 shares during the period. Impax Asset Management Group plc raised its holdings in PTC by 4.4% in the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after acquiring an additional 48,553 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of PTC by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock worth $201,537,000 after purchasing an additional 166,112 shares during the period. Finally, Twin Focus Capital Partners LLC acquired a new stake in shares of PTC during the fourth quarter worth $177,081,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, August 1st. Piper Sandler upped their price objective on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Mizuho reissued a “neutral” rating and issued a $190.00 target price (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Rosenblatt Securities increased their price target on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four 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, the company currently has an average rating of “Moderate Buy” and an average price target of $200.18.

Insider Transactions at PTC

In related news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the sale, the director now directly owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Staats Aaron C. Von sold 1,000 shares of the firm’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 transaction of $170,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the sale, the director now directly owns 48,137 shares in the company, valued at $8,632,408.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,000 shares of company stock valued at $2,431,330. Corporate insiders own 1.17% of the company’s stock.

PTC Trading Down 1.8 %

NASDAQ:PTC opened at $175.90 on Monday. The business’s 50-day moving average is $174.25 and its two-hundred day moving average is $178.54. The firm has a market capitalization of $21.06 billion, a PE ratio of 73.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18. PTC Inc. has a 12 month low of $134.61 and a 12 month high of $194.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70.

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

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.