Nisa Investment Advisors LLC Increases Holdings in PTC Inc. (NASDAQ:PTC)

Nisa Investment Advisors LLC raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,687 shares of the technology company’s stock after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC’s holdings in PTC were worth $4,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after buying an additional 205,673 shares during the last quarter. Impax Asset Management Group plc lifted its stake in PTC by 4.4% in the second quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock worth $206,091,000 after purchasing an additional 48,553 shares during the last quarter. Liontrust Investment Partners LLP grew its stake in shares of PTC by 1.0% during the second 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 during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of PTC by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock worth $165,377,000 after buying an additional 40,462 shares during the period. Finally, Fernbridge Capital Management LP boosted its holdings in PTC by 6.3% during the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company’s stock valued at $141,342,000 after acquiring an additional 46,286 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Piper Sandler increased their price target on 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 downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.09.

PTC Trading Down 0.8 %

PTC stock opened at $185.33 on Friday. PTC Inc. has a 52 week low of $135.16 and a 52 week high of $194.24. The stock has a 50-day moving average price of $178.38 and a 200 day moving average price of $177.77. 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 company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 75.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued 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. The firm had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. Sell-side analysts anticipate that PTC Inc. will post 3.51 EPS for the current year.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the sale, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at $2,363,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction dated 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 owns 59,616 shares in the company, valued at $10,237,855.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,000 shares of company stock worth $1,714,010. Insiders own 1.17% of the company’s stock.

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.