Czech National Bank Has $1.61 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Czech National Bank lifted its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,539 shares of the technology company’s stock after purchasing an additional 164 shares during the quarter. Czech National Bank’s holdings in PTC were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC acquired a new position in shares of PTC in the 4th quarter valued at $27,000. Harvest Fund Management Co. Ltd boosted its position in PTC by 444.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 528 shares of the technology company’s stock worth $48,000 after acquiring an additional 431 shares during the period. Fred Alger Management LLC boosted its position in PTC by 102.4% during the 4th quarter. Fred Alger Management LLC now owns 417 shares of the technology company’s stock worth $50,000 after acquiring an additional 211 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in PTC during the 1st quarter worth about $50,000. Finally, Neo Ivy Capital Management boosted its position in PTC by 157.9% during the 3rd quarter. Neo Ivy Capital Management now owns 490 shares of the technology company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 91.49% of the company’s stock.

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Insiders Place Their Bets

In other PTC news, Director Blake D. Moret sold 20,000 shares of PTC stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $127.53, for a total value of $2,550,600.00. Following the transaction, the director now directly owns 7,115,832 shares of the company’s stock, valued at approximately $907,482,054.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Michael Ditullio sold 2,000 shares of PTC stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $122.79, for a total transaction of $245,580.00. Following the sale, the chief operating officer now owns 61,250 shares of the company’s stock, valued at approximately $7,520,887.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake D. Moret sold 20,000 shares of PTC stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $127.53, for a total value of $2,550,600.00. Following the sale, the director now directly owns 7,115,832 shares in the company, valued at approximately $907,482,054.96. The disclosure for this sale can be found here. Insiders have sold a total of 441,512 shares of company stock valued at $56,678,676 in the last three months. Company insiders own 8.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PTC shares. Mizuho raised their price objective on PTC from $165.00 to $170.00 in a research report on Wednesday, May 17th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. VNET Group reaffirmed a “maintains” rating on shares of PTC in a research note on Thursday, April 27th. Piper Sandler assumed coverage on PTC in a research note on Wednesday, June 14th. They set a “neutral” rating and a $150.00 price target for the company. Finally, BMO Capital Markets assumed coverage on PTC in a research note on Wednesday, May 24th. They set an “outperform” rating and a $166.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.08.

PTC Stock Up 1.4 %

Shares of PTC stock opened at $142.63 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50 day simple moving average is $133.86 and its 200 day simple moving average is $128.97. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 3.06 and a beta of 1.19. PTC Inc. has a twelve month low of $97.97 and a twelve month high of $144.56.

PTC (NASDAQ:PTC – Free Report) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. The company had revenue of $542.18 million for the quarter, compared to the consensus estimate of $538.40 million. PTC had a return on equity of 15.62% and a net margin of 15.96%. As a group, research analysts predict that PTC Inc. will post 3.07 EPS for the current year.

PTC Profile

(Free Report)

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.

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