HighTower Advisors LLC Has $1.12 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

HighTower Advisors LLC lifted its holdings in PTC Inc. (NASDAQ:PTC) by 47.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,199 shares of the technology company’s stock after buying an additional 2,000 shares during the quarter. HighTower Advisors LLC’s holdings in PTC were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. HighVista Strategies LLC lifted its stake in PTC by 5.7% in the 3rd quarter. HighVista Strategies LLC now owns 11,181 shares of the technology company’s stock valued at $2,020,000 after acquiring an additional 600 shares in the last quarter. Holocene Advisors LP bought a new stake in PTC in the 3rd quarter valued at approximately $7,564,000. Cinctive Capital Management LP lifted its stake in PTC by 30.0% in the 3rd quarter. Cinctive Capital Management LP now owns 2,600 shares of the technology company’s stock valued at $470,000 after acquiring an additional 600 shares in the last quarter. Edgestream Partners L.P. lifted its stake in PTC by 125.8% in the 3rd quarter. Edgestream Partners L.P. now owns 17,409 shares of the technology company’s stock valued at $3,145,000 after acquiring an additional 9,698 shares in the last quarter. Finally, D1 Capital Partners L.P. bought a new stake in PTC in the 3rd quarter valued at approximately $84,549,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Up 0.7 %

PTC opened at $200.07 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $191.50 and its 200 day simple moving average is $181.40. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $203.09. The stock has a market cap of $24.03 billion, a PE ratio of 64.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PTC shares. Rosenblatt Securities restated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Piper Sandler boosted their target price on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.67.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 in the last ninety days. 1.17% of the stock is currently 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.