Stanley Laman Group Ltd. Buys 1,455 Shares of PTC Inc. (NASDAQ:PTC)

Stanley Laman Group Ltd. lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,515 shares of the technology company’s stock after purchasing an additional 1,455 shares during the period. Stanley Laman Group Ltd.’s holdings in PTC were worth $4,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after purchasing an additional 76 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of PTC by 5.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,461 shares of the technology company’s stock worth $264,000 after acquiring an additional 82 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of PTC by 8.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 493 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after acquiring an additional 654 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of PTC by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,214 shares of the technology company’s stock worth $2,387,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Activity at PTC

In related 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 sale, the director now directly owns 59,616 shares of the company’s stock, valued at $10,237,855.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the sale, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $858,650.00. Following the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $1,714,010 over the last ninety days. 1.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PTC has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Piper Sandler boosted their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.09.

PTC Stock Down 1.0 %

Shares of NASDAQ PTC opened at $182.93 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. PTC Inc. has a 52 week low of $134.61 and a 52 week high of $194.24. The stock has a market capitalization of $21.98 billion, a P/E ratio of 74.67, a PEG ratio of 2.71 and a beta of 1.17. The stock’s fifty day moving average is $176.84 and its 200 day moving average is $177.58.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. PTC had a return on equity of 13.36% and a net margin of 13.32%. The company had revenue of $518.64 million for the quarter, compared to analysts’ expectations of $533.04 million. Sell-side analysts forecast that PTC Inc. will post 3.51 earnings per share for the current fiscal year.

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.