Securian Asset Management Inc. lifted its holdings in shares of PTC Inc. (NASDAQ:PTC – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,872 shares of the technology company’s stock after buying an additional 282 shares during the quarter. Securian Asset Management Inc.’s holdings in PTC were worth $1,065,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of PTC. Barclays PLC grew its holdings in PTC by 24.5% during the third quarter. Barclays PLC now owns 162,955 shares of the technology company’s stock valued at $17,044,000 after purchasing an additional 32,060 shares during the period. WINTON GROUP Ltd grew its holdings in PTC by 101.1% during the third quarter. WINTON GROUP Ltd now owns 9,124 shares of the technology company’s stock valued at $954,000 after purchasing an additional 4,587 shares during the period. Flputnam Investment Management Co. acquired a new position in PTC during the fourth quarter valued at approximately $1,004,000. Yousif Capital Management LLC grew its holdings in PTC by 51.9% during the fourth quarter. Yousif Capital Management LLC now owns 22,411 shares of the technology company’s stock valued at $2,690,000 after purchasing an additional 7,659 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of PTC by 0.6% in the third quarter. Nisa Investment Advisors LLC now owns 23,559 shares of the technology company’s stock valued at $2,465,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 86.79% of the company’s stock.
PTC Stock Performance
NASDAQ PTC opened at $126.09 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average price is $125.10 and its two-hundred day moving average price is $124.17. PTC Inc. has a 1 year low of $96.55 and a 1 year high of $139.91. The firm has a market capitalization of $14.91 billion, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 2.80 and a beta of 1.19.
Insider Activity
In other news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $131.09, for a total value of $1,048,720.00. Following the transaction, the director now directly owns 7,688,017 shares of the company’s stock, valued at $1,007,822,148.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Blake D. Moret sold 1,700 shares of the company’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $135.15, for a total value of $229,755.00. Following the transaction, the director now directly owns 7,704,017 shares in the company, valued at $1,041,197,897.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Blake D. Moret sold 8,000 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $131.09, for a total transaction of $1,048,720.00. Following the completion of the transaction, the director now owns 7,688,017 shares in the company, valued at $1,007,822,148.53. The disclosure for this sale can be found here. Insiders have sold 421,579 shares of company stock valued at $53,559,284 over the last ninety days. 8.26% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on PTC shares. Robert W. Baird upped their price target on shares of PTC from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. Berenberg Bank started coverage on shares of PTC in a report on Wednesday, January 11th. They issued a “buy” rating and a $155.00 price target for the company. Barclays upped their price target on shares of PTC from $144.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Citigroup cut their price objective on shares of PTC from $147.00 to $140.00 in a research report on Monday. Finally, Mizuho boosted their price objective on shares of PTC from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.91.
PTC Profile
PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.
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