PTC Inc. (NASDAQ:PTC) Shares Purchased by Creative Planning

Creative Planning boosted its stake in PTC Inc. (NASDAQ:PTC) by 20.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,185 shares of the technology company’s stock after acquiring an additional 882 shares during the period. Creative Planning’s holdings in PTC were worth $942,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the period. Blue Trust Inc. increased its position in PTC by 762.5% during 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. Rothschild Investment LLC acquired a new position in PTC during the 2nd quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in PTC during the 2nd quarter worth approximately $30,000. Finally, OFI Invest Asset Management acquired a new position in PTC during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Schechter sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the transaction, the director now directly owns 59,616 shares of the company’s stock, valued at approximately $10,237,855.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Schechter sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock valued at $1,714,010 in the last quarter. 1.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PTC. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Thursday. Piper Sandler upped their price target on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.18.

PTC Trading Down 0.7 %

Shares of PTC stock opened at $180.39 on Friday. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. The firm has a market cap of $21.59 billion, a PE ratio of 75.37, a P/E/G ratio of 2.58 and a beta of 1.17. The business’s fifty day moving average is $174.55 and its two-hundred day moving average is $177.89. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, topping 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 company had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. Analysts anticipate that PTC Inc. will post 3.52 earnings per share for the current year.

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.