Hantz Financial Services Inc. Purchases New Stake in PTC Inc. (NASDAQ:PTC)

Hantz Financial Services Inc. bought a new stake in PTC Inc. (NASDAQ:PTC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 971 shares of the technology company’s stock, valued at approximately $176,000.

Several other large investors also recently bought and sold shares of PTC. First Horizon Advisors Inc. boosted its stake in shares of PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after purchasing an additional 122 shares during the period. International Assets Investment Management LLC purchased a new position in shares of PTC in the 2nd quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in shares of PTC during the 2nd quarter valued at about $31,000. Finally, Riverview Trust Co purchased a new stake in shares of PTC during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the transaction, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $3,144,130 in the last three months. 1.17% of the stock is currently owned by insiders.

PTC Stock Up 1.1 %

PTC opened at $179.09 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $21.52 billion, a PE ratio of 74.93, a P/E/G ratio of 3.34 and a beta of 1.18. The stock’s fifty day moving average is $176.95 and its 200-day moving average is $179.51. PTC Inc. has a one year low of $134.61 and a one year high of $194.24.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PTC. Mizuho restated a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Piper Sandler lifted their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Rosenblatt Securities raised their price target on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Finally, StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PTC 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.