PTC Inc. (NASDAQ:PTC) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its holdings in PTC Inc. (NASDAQ:PTC) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,299 shares of the technology company’s stock after purchasing an additional 784 shares during the period. Stanley Laman Group Ltd.’s holdings in PTC were worth $4,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Covestor Ltd lifted its stake in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 80 shares during the last quarter. Brooklyn Investment Group purchased a new position in PTC during the 3rd quarter valued at about $66,000. Blue Trust Inc. boosted its holdings in PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after acquiring an additional 654 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in PTC during the 3rd quarter valued at about $152,000. Finally, Signaturefd LLC boosted its holdings in PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds 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 that occurred 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 transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares in the company, valued at $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. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 over the last quarter. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PTC has been the subject of a number of research analyst reports. Piper Sandler raised their target price on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. KeyCorp raised their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus raised their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup lowered their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Price Performance

Shares of NASDAQ PTC opened at $166.57 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The firm has a market capitalization of $20.05 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The stock’s 50-day simple moving average is $188.05 and its 200-day simple moving average is $183.62.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities research analysts forecast that PTC Inc. will post 4.62 EPS 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.