Strategic Advisors LLC Purchases 134 Shares of PTC Inc. (NASDAQ:PTC)

Strategic Advisors LLC boosted its holdings in PTC Inc. (NASDAQ:PTC) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,362 shares of the technology company’s stock after buying an additional 134 shares during the period. Strategic Advisors LLC’s holdings in PTC were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Blue Trust Inc. lifted its stake in shares of PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock valued at $26,000 after purchasing an additional 122 shares during the period. Rothschild Investment LLC purchased a new stake in shares of PTC in the second quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC during the second quarter worth $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of PTC in the second quarter valued at $31,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Schechter sold 5,000 shares of the firm’s 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 completion of the sale, the director now owns 59,616 shares in the company, valued at $10,237,855.68. The trade was a 0.00 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their price target on shares of PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Piper Sandler raised their price target on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, StockNews.com cut shares of 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 given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.18.

PTC Trading Down 0.4 %

PTC traded down $0.71 on Thursday, hitting $180.88. The company had a trading volume of 146,691 shares, compared to its average volume of 808,126. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The business’s fifty day simple moving average is $174.55 and its 200 day simple moving average is $177.89. The company has a market cap of $21.65 billion, a PE ratio of 75.85, a PEG ratio of 2.58 and a beta of 1.17. 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 posted its earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The business had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. Equities research analysts expect that PTC Inc. will post 3.52 EPS for the current year.

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.