1,228 Shares in PTC Inc. (NASDAQ:PTC) Bought by Trust Asset Management LLC

Trust Asset Management LLC bought a new position in PTC Inc. (NASDAQ:PTC) during the 4th quarter, Holdings Channel reports. The fund bought 1,228 shares of the technology company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after acquiring an additional 75 shares during the period. Avior Wealth Management LLC increased its holdings in shares of PTC by 3.2% during the 3rd quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock worth $408,000 after purchasing an additional 90 shares during the period. Fiera Capital Corp increased its holdings in shares of PTC by 2.6% during the 3rd quarter. Fiera Capital Corp now owns 3,490 shares of the technology company’s stock worth $494,000 after purchasing an additional 90 shares during the period. Lindbrook Capital LLC increased its holdings in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. Finally, Logan Capital Management Inc. increased its holdings in shares of PTC by 1.2% during the 3rd quarter. Logan Capital Management Inc. now owns 7,914 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 92 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,415 shares of company stock valued at $6,457,478. 1.17% of the stock is currently owned by insiders.

PTC Price Performance

NASDAQ PTC traded down $0.62 on Thursday, reaching $179.88. The company’s stock had a trading volume of 953,897 shares, compared to its average volume of 826,715. The firm has a market cap of $21.50 billion, a PE ratio of 91.31, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. The business has a 50-day moving average price of $183.49 and a 200 day moving average price of $169.77. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. Sell-side analysts expect that PTC Inc. will post 3.47 EPS for the current year.

Analyst Ratings Changes

PTC has been the topic of several research reports. Robert W. Baird restated an “outperform” rating and set a $210.00 price objective on shares of PTC in a report on Tuesday, April 2nd. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Oppenheimer boosted their price objective on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus price target of $202.40.

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.