PTC Inc. (NASDAQ:PTC) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners raised its stake in shares of PTC Inc. (NASDAQ:PTCFree Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,953 shares of the technology company’s stock after purchasing an additional 128 shares during the period. BSW Wealth Partners’ holdings in PTC were worth $359,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of PTC by 2.7% during the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC grew its stake in PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after buying an additional 37,645 shares during the period. Fernbridge Capital Management LP increased its position in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after acquiring an additional 650,990 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of PTC by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after acquiring an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

PTC stock opened at $189.08 on Thursday. The firm has a market cap of $22.76 billion, a P/E ratio of 60.80, a P/E/G ratio of 2.55 and a beta of 1.18. The stock’s 50 day simple moving average is $191.14 and its 200 day simple moving average is $183.30. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Royal Bank of Canada lifted their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average price target of $207.54.

View Our Latest Report on PTC

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% of the company’s stock.

PTC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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