PTC Inc. (NASDAQ:PTC) Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its position in PTC Inc. (NASDAQ:PTC) by 26.3% in the third quarter, HoldingsChannel.com reports. The firm owned 3,870 shares of the technology company’s stock after purchasing an additional 807 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in PTC were worth $699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after purchasing an additional 205,673 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in PTC by 4.4% during the second quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock worth $206,091,000 after buying an additional 48,553 shares in the last quarter. Liontrust Investment Partners LLP grew its position in PTC by 1.0% in the second quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock worth $182,383,000 after buying an additional 10,338 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 valued at $165,377,000 after buying an additional 40,462 shares in the last quarter. Finally, Fernbridge Capital Management LP lifted its position in shares of PTC by 6.3% during the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company’s stock valued at $141,342,000 after acquiring an additional 46,286 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Activity at PTC

In other news, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the sale, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now directly owns 59,616 shares in the company, valued at approximately $10,237,855.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,000 shares of company stock valued at $1,714,010. 1.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 price target on shares of PTC in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on shares of PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler lifted their target price on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.09.

PTC Trading Down 1.0 %

PTC stock opened at $182.93 on Wednesday. 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 12 month low of $134.61 and a 12 month high of $194.24. The company’s fifty day simple moving average is $176.84 and its 200-day simple moving average is $177.58. The stock has a market cap of $21.98 billion, a P/E ratio of 74.67, a P/E/G ratio of 2.71 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $518.64 million for 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, sell-side analysts forecast that PTC Inc. will post 3.51 EPS 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.