PTC Inc. (NASDAQ:PTC) Shares Purchased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,180 shares of the technology company’s stock after purchasing an additional 503 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in PTC were worth $1,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in PTC by 67.7% during the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock worth $2,559,000 after acquiring an additional 5,717 shares during the last quarter. Mirabella Financial Services LLP grew its stake in shares of PTC by 542.2% during the third 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. purchased a new stake in PTC during the 3rd quarter worth approximately $84,549,000. Citigroup Inc. increased its stake in shares of PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after buying an additional 32,984 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of PTC by 33.7% in the 3rd 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 in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

PTC traded down $1.98 on Friday, hitting $182.38. The company had a trading volume of 845,536 shares, compared to its average volume of 753,152. PTC Inc. has a 1-year low of $163.30 and a 1-year 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. The company’s fifty day moving average price is $192.15 and its 200 day moving average price is $182.74. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler raised their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and decreased their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus target price of $207.54.

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.