3,701 Shares in PTC Inc. (NASDAQ:PTC) Acquired by Banco Santander S.A.

Banco Santander S.A. bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,701 shares of the technology company’s stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after buying an additional 122 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of PTC in the second quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of PTC in the second quarter worth approximately $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of PTC in the second quarter worth approximately $31,000. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. The trade was a 67.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Thursday, October 10th. Royal Bank of Canada increased their target price on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus price target of $204.83.

PTC Stock Up 2.5 %

Shares of PTC opened at $197.64 on Friday. The firm has a fifty day moving average price of $183.85 and a 200-day moving average price of $179.15. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $23.74 billion, a P/E ratio of 63.55, a P/E/G ratio of 2.61 and a beta of 1.17. PTC Inc. has a 12-month low of $153.11 and a 12-month high of $199.48.

PTC Company 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.