PTC Inc. (NASDAQ:PTC) Holdings Boosted by Dohj LLC

Dohj LLC grew its holdings in PTC Inc. (NASDAQ:PTC) by 6.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,692 shares of the technology company’s stock after purchasing an additional 172 shares during the period. Dohj LLC’s holdings in PTC were worth $495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PTC. US Bancorp DE increased its stake in PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after buying an additional 5,717 shares during the period. Mirabella Financial Services LLP grew its holdings in shares of PTC by 542.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after acquiring an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of PTC in the third quarter worth $84,549,000. Citigroup Inc. raised its holdings in shares of PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after acquiring an additional 32,984 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,242 shares of company stock valued at $3,630,716. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and reduced their target price for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $207.54.

PTC Stock Up 0.8 %

PTC stock opened at $193.48 on Friday. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 62.21, a P/E/G ratio of 2.57 and a beta of 1.18. The firm has a fifty day moving average price of $191.13 and a two-hundred day moving average price of $183.40. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

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.