PTC Inc. (NASDAQ:PTC) Stock Position Increased by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its position in shares of PTC Inc. (NASDAQ:PTC) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,494 shares of the technology company’s stock after acquiring an additional 113 shares during the period. Simon Quick Advisors LLC’s holdings in PTC were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Diversify Wealth Management LLC boosted its holdings in PTC by 40.9% during the fourth quarter. Diversify Wealth Management LLC now owns 4,606 shares of the technology company’s stock worth $840,000 after buying an additional 1,337 shares in the last quarter. HB Wealth Management LLC raised its holdings in PTC by 9.8% during the 4th quarter. HB Wealth Management LLC now owns 2,165 shares of the technology company’s stock worth $398,000 after buying an additional 194 shares during the period. Steph & Co. lifted its stake in PTC by 41.0% during the fourth quarter. Steph & Co. now owns 1,263 shares of the technology company’s stock valued at $232,000 after buying an additional 367 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of PTC by 29.3% in the fourth quarter. Park Avenue Securities LLC now owns 1,975 shares of the technology company’s stock worth $363,000 after buying an additional 448 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of PTC by 110.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 87,674 shares of the technology company’s stock worth $16,121,000 after acquiring an additional 46,017 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 0.6 %

PTC stock opened at $189.07 on Friday. PTC Inc. has a one year low of $163.30 and a one year high of $203.09. The company’s fifty day moving average price is $191.18 and its two-hundred day moving average price is $183.04. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

Wall Street Analyst Weigh In

PTC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and decreased their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.54.

Insider Activity at PTC

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,242 shares of company stock valued at $3,630,716. Corporate insiders own 0.32% of the company’s stock.

PTC 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.