Hantz Financial Services Inc. Lowers Stake in PTC Inc. $PTC

Hantz Financial Services Inc. reduced its position in PTC Inc. (NASDAQ:PTC) by 13.8% in the second quarter, HoldingsChannel.com reports. The firm owned 2,297 shares of the technology company’s stock after selling 369 shares during the period. Hantz Financial Services Inc.’s holdings in PTC were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Motco bought a new position in PTC in the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in PTC during the first quarter valued at about $33,000. Zions Bancorporation National Association UT purchased a new position in shares of PTC in the first quarter valued at about $39,000. SVB Wealth LLC bought a new position in shares of PTC in the first quarter worth about $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after acquiring an additional 76 shares during the period. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Up 0.6%

Shares of PTC opened at $198.54 on Monday. The stock has a market capitalization of $23.78 billion, a PE ratio of 46.83, a P/E/G ratio of 1.90 and a beta of 1.14. The company’s fifty day moving average is $205.49 and its 200 day moving average is $188.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total value of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent analyst reports. Wells Fargo & Company reissued an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on shares of PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. KeyCorp reaffirmed an “overweight” rating and set a $245.00 target price (up from $192.00) on shares of PTC in a research note on Thursday, July 31st. Finally, BMO Capital Markets lifted their price target on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.31.

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.