Railway Pension Investments Ltd Has $3.13 Million Holdings in PTC Inc. $PTC

Railway Pension Investments Ltd decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 91.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,426 shares of the technology company’s stock after selling 166,900 shares during the period. Railway Pension Investments Ltd’s holdings in PTC were worth $3,132,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Simon Quick Advisors LLC boosted its stake in PTC by 6.5% in the 3rd quarter. Simon Quick Advisors LLC now owns 1,451 shares of the technology company’s stock worth $295,000 after purchasing an additional 88 shares during the period. Signaturefd LLC lifted its holdings in shares of PTC by 6.9% in the third quarter. Signaturefd LLC now owns 1,810 shares of the technology company’s stock valued at $367,000 after purchasing an additional 117 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of PTC by 2,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after buying an additional 158 shares during the period. SteelPeak Wealth LLC grew its holdings in shares of PTC by 238.0% during the third quarter. SteelPeak Wealth LLC now owns 4,553 shares of the technology company’s stock worth $924,000 after buying an additional 3,206 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in PTC in the 3rd quarter valued at approximately $174,000. 95.14% of the stock is owned by institutional investors.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 6,328 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at $2,144,512.04. This represents a 80.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,277 shares of company stock valued at $10,624,076 over the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of recent research reports. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Rosenblatt Securities cut their price objective on shares of PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of PTC in a report on Monday, December 29th. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Piper Sandler reduced their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Stock Performance

NASDAQ PTC opened at $170.10 on Monday. The firm has a market capitalization of $20.23 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $178.69 and its two-hundred day moving average price is $192.78. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. The company had revenue of $1.76 billion for the quarter. As a group, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

PTC Company Profile

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.