Toronto Dominion Bank boosted its holdings in shares of PTC Inc. (NASDAQ:PTC – Get Rating) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,916 shares of the technology company’s stock after purchasing an additional 1,657 shares during the period. Toronto Dominion Bank owned about 0.05% of PTC worth $7,309,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. EverSource Wealth Advisors LLC raised its stake in shares of PTC by 1,527.3% in the third quarter. EverSource Wealth Advisors LLC now owns 358 shares of the technology company’s stock valued at $37,000 after acquiring an additional 336 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of PTC by 444.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 528 shares of the technology company’s stock valued at $48,000 after purchasing an additional 431 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of PTC in the first quarter valued at approximately $50,000. Neo Ivy Capital Management increased its holdings in shares of PTC by 157.9% in the third quarter. Neo Ivy Capital Management now owns 490 shares of the technology company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in shares of PTC in the third quarter valued at approximately $56,000. Institutional investors own 86.79% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on PTC. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Friday, April 28th. KeyCorp lifted their target price on shares of PTC from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Loop Capital lifted their target price on shares of PTC from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Mizuho lifted their target price on shares of PTC from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Barclays lifted their target price on shares of PTC from $150.00 to $152.00 in a report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.09.
PTC Stock Performance
Insider Transactions at PTC
In related news, Director Blake D. Moret sold 12,000 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $132.96, for a total value of $1,595,520.00. Following the completion of the transaction, the director now owns 7,642,238 shares of the company’s stock, valued at approximately $1,016,111,964.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Blake D. Moret sold 21,779 shares of PTC stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $129.06, for a total transaction of $2,810,797.74. Following the transaction, the director now owns 7,505,064 shares in the company, valued at $968,603,559.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Blake D. Moret sold 12,000 shares of PTC stock in a transaction on Friday, February 10th. The stock was sold at an average price of $132.96, for a total transaction of $1,595,520.00. Following the transaction, the director now owns 7,642,238 shares in the company, valued at approximately $1,016,111,964.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 518,744 shares of company stock valued at $65,686,260. Company insiders own 8.26% of the company’s stock.
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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