HB Wealth Management LLC Has $293,000 Stock Holdings in PTC Inc. (NASDAQ:PTC)

HB Wealth Management LLC raised its position in PTC Inc. (NASDAQ:PTC) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,614 shares of the technology company’s stock after buying an additional 118 shares during the quarter. HB Wealth Management LLC’s holdings in PTC were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kintegral Advisory LLC grew its holdings in PTC by 135.4% in the 2nd quarter. Kintegral Advisory LLC now owns 5,344 shares of the technology company’s stock valued at $971,000 after buying an additional 3,074 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in PTC by 98.7% in the 2nd quarter. AustralianSuper Pty Ltd now owns 3,708 shares of the technology company’s stock valued at $674,000 after buying an additional 1,842 shares in the last quarter. Railway Pension Investments Ltd acquired a new position in PTC in the 2nd quarter valued at $24,416,000. Liontrust Investment Partners LLP grew its holdings in PTC by 1.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock valued at $182,383,000 after buying an additional 10,338 shares in the last quarter. Finally, Addison Capital Co grew its holdings in shares of PTC by 3.9% during the 2nd quarter. Addison Capital Co now owns 3,127 shares of the technology company’s stock worth $568,000 after purchasing an additional 118 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the completion of the transaction, the director now directly owns 48,137 shares in the company, valued at $8,632,408.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other PTC news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the completion of the transaction, the director now directly owns 48,137 shares in the company, valued at $8,632,408.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,254 shares of company stock worth $3,361,636. 1.17% of the stock is currently owned by insiders.

PTC Stock Performance

NASDAQ:PTC opened at $179.09 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $21.44 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 3.23 and a beta of 1.18. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The stock’s 50-day simple moving average is $176.95 and its 200 day simple moving average is $179.51.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PTC shares. Royal Bank of Canada reissued an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Mizuho reissued a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Piper Sandler increased their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Rosenblatt Securities increased their target price on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

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.