First Trust Direct Indexing L.P. Buys 1,091 Shares of PTC Inc. (NASDAQ:PTC)

First Trust Direct Indexing L.P. raised its holdings in PTC Inc. (NASDAQ:PTC) by 23.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,755 shares of the technology company’s stock after purchasing an additional 1,091 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in PTC were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PTC. Vanguard Group Inc. increased its position in shares of PTC by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after purchasing an additional 205,673 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of PTC by 4.4% in the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after purchasing an additional 48,553 shares during the period. Liontrust Investment Partners LLP lifted its stake in shares of PTC by 1.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock valued at $182,383,000 after purchasing an additional 10,338 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of PTC by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock valued at $165,377,000 after purchasing an additional 40,462 shares during the period. Finally, Fernbridge Capital Management LP lifted its stake in shares of PTC by 6.3% in the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company’s stock valued at $141,342,000 after purchasing an additional 46,286 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the sale, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $1,714,010 in the last 90 days. 1.17% of the stock is currently owned by corporate insiders.

PTC Trading Down 0.2 %

Shares of PTC stock opened at $185.03 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $22.23 billion, a P/E ratio of 75.52, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. The company has a 50 day moving average price of $178.53 and a 200 day moving average price of $177.82. PTC Inc. has a fifty-two week low of $135.16 and a fifty-two week high of $194.24.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The firm had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. Equities research analysts predict that PTC Inc. will post 3.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and dropped their price objective for the company from $210.00 to $196.00 in a research report on Friday. Robert W. Baird lifted their target price on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their target price on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.67.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.