Vanguard Personalized Indexing Management LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 15.7% during the third quarter, Holdings Channel reports. The fund owned 6,037 shares of the technology company’s stock after acquiring an additional 821 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PTC were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in PTC. Itau Unibanco Holding S.A. acquired a new position in shares of PTC during the 2nd quarter worth approximately $25,000. Clear Street Markets LLC boosted its stake in PTC by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Legacy Financial Group LLC bought a new stake in PTC in the 3rd quarter valued at $28,000. West Tower Group LLC bought a new stake in PTC in the 2nd quarter valued at $30,000. Finally, International Assets Investment Management LLC bought a new stake in PTC in the 3rd quarter valued at $41,000. 92.23% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Catherine Kniker sold 1,477 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $154.82, for a total transaction of $228,669.14. Following the completion of the sale, the insider now directly owns 15,194 shares in the company, valued at approximately $2,352,335.08. The sale was disclosed in a filing with the SEC, which is available through this link. In other PTC news, insider Catherine Kniker sold 1,477 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $154.82, for a total value of $228,669.14. Following the completion of the transaction, the insider now owns 15,194 shares of the company’s stock, valued at approximately $2,352,335.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kristian Talvitie sold 1,588 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $158.32, for a total value of $251,412.16. Following the completion of the transaction, the chief financial officer now directly owns 47,128 shares of the company’s stock, valued at approximately $7,461,304.96. The disclosure for this sale can be found here. Insiders sold a total of 72,520 shares of company stock worth $12,117,492 in the last ninety days. 1.17% of the stock is owned by insiders.
PTC Price Performance
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PTC shares. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st. Piper Sandler boosted their price target on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Rosenblatt Securities boosted their price target on PTC from $166.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. BMO Capital Markets boosted their price target on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $191.82.
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.
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