ING Groep NV Acquires Shares of 15,343 PTC Inc. (NASDAQ:PTC)

ING Groep NV acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,343 shares of the technology company’s stock, valued at approximately $2,821,000.

Other institutional investors also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG increased its stake in shares of PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after buying an additional 55 shares during the last quarter. Wedmont Private Capital boosted its stake in PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after acquiring an additional 64 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after acquiring an additional 66 shares in the last quarter. Allworth Financial LP increased its position in shares of PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Down 2.5 %

PTC stock opened at $161.65 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $182.89 and its 200 day simple moving average is $183.14. The stock has a market cap of $19.45 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a fifty-two week low of $161.02 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PTC. Piper Sandler lifted their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird upped their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup decreased their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 860 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,539 shares of company stock valued at $3,301,697. 0.32% of the stock is currently owned by corporate insiders.

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.