29,170 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Mercer Global Advisors Inc. ADV

Posted by on May 15th, 2023

Mercer Global Advisors Inc. ADV bought a new position in PTC Inc. (NASDAQ:PTC – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 29,170 shares of the technology company’s stock, valued at approximately $3,502,000.

A number of other institutional investors have also bought and sold shares of the business. Belpointe Asset Management LLC purchased a new stake in PTC in the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in shares of PTC by 1,527.3% during the 3rd 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 raised its stake in PTC by 444.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 528 shares of the technology company’s stock worth $48,000 after purchasing an additional 431 shares during the period. Brown Brothers Harriman & Co. purchased a new position in PTC during the first quarter worth about $50,000. Finally, Neo Ivy Capital Management raised its stake in PTC by 157.9% during the third quarter. Neo Ivy Capital Management now owns 490 shares of the technology company’s stock worth $51,000 after purchasing an additional 300 shares during the period. 86.79% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ PTC opened at $130.10 on Monday. The stock’s 50-day moving average is $124.65 and its two-hundred day moving average is $125.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.73 and a quick ratio of 0.73. PTC Inc. has a 1-year low of $97.97 and a 1-year high of $139.91. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19.

Analysts Set New Price Targets

PTC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Citigroup decreased their price target on PTC from $147.00 to $140.00 in a research note on Monday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $148.00 target price on shares of PTC in a research report on Friday, April 14th. Loop Capital boosted their price target on shares of PTC from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of PTC from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. 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 data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and a consensus target price of $154.09.

Insider Transactions at PTC

In related news, COO Michael Ditullio sold 2,000 shares of PTC stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $122.79, for a total value of $245,580.00. Following the completion of the transaction, the chief operating officer now owns 61,250 shares in the company, valued at $7,520,887.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Michael Ditullio sold 2,000 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $122.79, for a total value of $245,580.00. Following the sale, the chief operating officer now directly owns 61,250 shares in the company, valued at approximately $7,520,887.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake D. Moret sold 40,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $130.42, for a total value of $5,216,800.00. Following the transaction, the director now directly owns 6,574,334 shares of the company’s stock, valued at $857,424,640.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 558,744 shares of company stock valued at $70,709,940. 8.26% of the stock is currently owned by corporate insiders.

PTC Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC – Get Rating).

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.