844 Shares in PTC Inc. (NASDAQ:PTC) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 844 shares of the technology company’s stock, valued at approximately $152,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 buying an additional 122 shares during the period. First Horizon Advisors Inc. increased its position in shares of 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 in the last quarter. Rothschild Investment LLC acquired a new stake in shares of PTC during the second quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new stake in shares of PTC in the 2nd quarter valued at approximately $30,000. Finally, OFI Invest Asset Management acquired a new position in PTC in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the transaction, the director now owns 6,843 shares of the company’s stock, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PTC shares. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and reduced their target price for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird raised their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.67.

PTC Price Performance

Shares of NASDAQ:PTC opened at $199.38 on Tuesday. The stock has a market capitalization of $23.95 billion, a P/E ratio of 64.11, a P/E/G ratio of 2.71 and a beta of 1.17. The business has a 50-day moving average of $187.15 and a two-hundred day moving average of $180.07. PTC Inc. has a fifty-two week low of $157.72 and a fifty-two week high of $201.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

About PTC

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.