PTC Inc. (NASDAQ:PTC) Holdings Increased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 786.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,445 shares of the technology company’s stock after acquiring an additional 1,282 shares during the period. International Assets Investment Management LLC’s holdings in PTC were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after purchasing an additional 205,673 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of 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 worth $206,091,000 after purchasing an additional 48,553 shares in the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of PTC by 1.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock worth $182,383,000 after purchasing an additional 10,338 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of PTC by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock worth $165,377,000 after purchasing an additional 40,462 shares in the last quarter. Finally, Fernbridge Capital Management LP raised its holdings in shares of PTC by 6.3% in the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company’s stock worth $141,342,000 after purchasing an additional 46,286 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC opened at $198.04 on Thursday. The company’s 50 day moving average price is $179.50 and its 200 day moving average price is $178.13. PTC Inc. has a 52 week low of $147.95 and a 52 week high of $199.48. The company has a market capitalization of $23.79 billion, a PE ratio of 80.83, a PEG ratio of 2.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Piper Sandler boosted their price target on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada restated an “outperform” rating and set a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Finally, Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $200.67.

Insider Activity at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the sale, the director now directly owns 44,137 shares of the company’s stock, valued at $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.17% of the stock is currently owned by insiders.

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.