PTC Inc. $PTC Shares Acquired by Ethic Inc.

Ethic Inc. grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 52.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,511 shares of the technology company’s stock after acquiring an additional 8,046 shares during the quarter. Ethic Inc.’s holdings in PTC were worth $4,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PTC. Assetmark Inc. grew its position in PTC by 339.3% during the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after purchasing an additional 207 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of PTC during the second quarter worth $53,000. MUFG Securities EMEA plc purchased a new stake in shares of PTC during the second quarter valued at $61,000. Finally, Zions Bancorporation National Association UT increased its position in shares of PTC by 47.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 375 shares of the technology company’s stock valued at $65,000 after acquiring an additional 121 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares in the company, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. This represents a 80.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 61,277 shares of company stock worth $10,624,076. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PTC shares. Robert W. Baird set a $255.00 price target on PTC in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of PTC in a report on Monday. Zacks Research downgraded shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Piper Sandler dropped their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Stock Down 0.1%

Shares of PTC stock opened at $175.41 on Wednesday. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69. The stock has a market cap of $20.86 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.93 and a beta of 1.03. The stock has a 50 day moving average of $180.57 and a 200 day moving average of $192.69. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The business had revenue of $1.76 billion for the quarter. PTC had a return on equity of 23.03% and a net margin of 27.05%. As a group, sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current year.

About PTC

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.