Norden Group LLC Has $1.81 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Norden Group LLC lifted its position in PTC Inc. (NASDAQ:PTC) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,845 shares of the technology company’s stock after buying an additional 101 shares during the period. Norden Group LLC’s holdings in PTC were worth $1,810,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PTC. International Assets Investment Management LLC increased its position in shares of PTC by 786.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock valued at $261,000 after buying an additional 1,282 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of PTC by 23.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,755 shares of the technology company’s stock worth $1,040,000 after buying an additional 1,091 shares during the last quarter. US Bancorp DE boosted its stake in shares of PTC by 67.7% during the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock worth $2,559,000 after buying an additional 5,717 shares during the last quarter. Stephens Inc. AR acquired a new stake in PTC in the 3rd quarter valued at about $278,000. Finally, Van ECK Associates Corp lifted its stake in PTC by 28.5% in the 3rd quarter. Van ECK Associates Corp now owns 2,152 shares of the technology company’s stock valued at $395,000 after purchasing an additional 477 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PTC. JPMorgan Chase & Co. raised their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Robert W. Baird raised their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler raised their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Up 0.5 %

Shares of PTC opened at $163.63 on Friday. PTC Inc. has a 12 month low of $160.53 and a 12 month high of $203.09. The firm’s 50 day moving average is $179.98 and its 200-day moving average is $182.97. The stock has a market capitalization of $19.69 billion, a PE ratio of 50.50, a P/E/G ratio of 2.27 and a beta of 1.19. 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 (NASDAQ:PTC) last announced its 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 return on equity of 14.49% and a net margin of 16.95%. Equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly 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. 0.32% of the stock is currently owned by 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.