Van Berkom & Associates Inc. Has $1.98 Million Holdings in PTC Inc. (NASDAQ:PTC)

Van Berkom & Associates Inc. trimmed its stake in PTC Inc. (NASDAQ:PTC) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,769 shares of the technology company’s stock after selling 352 shares during the period. Van Berkom & Associates Inc.’s holdings in PTC were worth $1,980,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Fernbridge Capital Management LP lifted its position in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares during the period. Congress Asset Management Co. raised its stake in PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares during the last quarter. D1 Capital Partners L.P. acquired a new position in PTC in the third quarter valued at $84,549,000. Massachusetts Financial Services Co. MA boosted its position in PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after acquiring an additional 135,677 shares during the period. 95.14% of the stock is owned by institutional investors.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % 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, Director Corinna Lathan sold 860 shares of PTC stock in a transaction on 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 transaction, the director now owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,539 shares of company stock worth $3,301,697 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PTC shares. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and dropped their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Piper Sandler increased their price target on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Price Performance

Shares of NASDAQ PTC opened at $165.76 on Friday. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The stock has a fifty day simple moving average of $184.34 and a two-hundred day simple moving average of $183.30. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly 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%. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

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.