XTX Topco Ltd Purchases 5,425 Shares of PTC Inc. (NASDAQ:PTC)

XTX Topco Ltd increased its holdings in PTC Inc. (NASDAQ:PTC) by 246.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,630 shares of the technology company’s stock after acquiring an additional 5,425 shares during the quarter. XTX Topco Ltd’s holdings in PTC were worth $1,386,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PTC. Principal Securities Inc. bought a new stake in PTC during the fourth quarter valued at approximately $46,000. Dimensional Fund Advisors LP grew its position in PTC by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,918 shares of the technology company’s stock worth $82,044,000 after acquiring an additional 3,925 shares in the last quarter. Brown Advisory Inc. increased its stake in PTC by 20.3% in the fourth quarter. Brown Advisory Inc. now owns 9,899 shares of the technology company’s stock valued at $1,732,000 after acquiring an additional 1,667 shares during the last quarter. Norges Bank bought a new position in PTC in the fourth quarter valued at $114,043,000. Finally, PNC Financial Services Group Inc. lifted its stake in PTC by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,612 shares of the technology company’s stock worth $807,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

PTC Price Performance

PTC stock opened at $175.90 on Friday. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 73.60, a PEG ratio of 3.24 and a beta of 1.18. The firm’s 50-day moving average price is $174.25 and its two-hundred day moving average price is $178.58. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. PTC had a return on equity of 13.36% and a net margin of 13.32%. The business had revenue of $518.64 million during the quarter, compared to analyst estimates of $533.04 million. As a group, equities analysts predict that PTC Inc. will post 3.52 earnings per share for the current year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares in the company, valued at $2,363,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the sale, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the 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 completion of the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock worth $2,431,330 over the last quarter. 1.17% of the stock is owned by corporate insiders.

PTC 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.