Mirae Asset Global Investments Co. Ltd. Boosts Position in PTC Inc. (NASDAQ:PTC)

Mirae Asset Global Investments Co. Ltd. boosted its position in PTC Inc. (NASDAQ:PTC) by 35.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,438 shares of the technology company’s stock after purchasing an additional 2,216 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PTC were worth $1,537,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on PTC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, August 1st. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Robert W. Baird raised their target price on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Finally, Piper Sandler increased their price objective on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus target price of $201.09.

PTC Price Performance

PTC stock opened at $185.33 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company’s fifty day moving average price is $178.38 and its 200-day moving average price is $177.77. PTC Inc. has a one year low of $135.16 and a one year high of $194.24. The company has a market capitalization of $22.26 billion, a PE ratio of 75.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. On average, equities analysts anticipate that PTC Inc. will post 3.51 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares in the company, valued at $7,562,433.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,000 shares of company stock worth $1,714,010. Corporate insiders own 1.17% of the company’s stock.

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.