Summit Trail Advisors LLC Makes New $221,000 Investment in PTC Inc. (NASDAQ:PTC)

Summit Trail Advisors LLC acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,219 shares of the technology company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after acquiring an additional 205,673 shares during the period. Wellington Management Group LLP raised its stake in PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after acquiring an additional 1,569,081 shares during the period. Impax Asset Management Group plc raised its stake in PTC by 4.4% in the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after acquiring an additional 48,553 shares during the period. Bank of New York Mellon Corp raised its stake in PTC by 18.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock valued at $201,537,000 after acquiring an additional 166,112 shares during the period. Finally, Twin Focus Capital Partners LLC bought a new stake in PTC in the 4th quarter valued at $177,081,000. Institutional investors own 95.14% of the company’s stock.

PTC Trading Down 0.1 %

Shares of PTC stock opened at $177.79 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. PTC Inc. has a 52 week low of $134.61 and a 52 week high of $194.24. The stock has a 50 day moving average price of $173.99 and a two-hundred day moving average price of $178.43. The stock has a market capitalization of $21.28 billion, a PE ratio of 74.39, a price-to-earnings-growth ratio of 3.24 and a beta of 1.18.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating 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 firm had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. As a group, equities analysts anticipate that PTC Inc. will post 3.52 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $179.33, for a total value of $717,320.00. Following the transaction, the director now directly owns 48,137 shares in the company, valued at approximately $8,632,408.21. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $2,431,330 over the last 90 days. Insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research note on Thursday, August 1st. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Mizuho reiterated a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Rosenblatt Securities increased their price objective on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler increased their price objective on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.18.

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.