PTC Inc. (NASDAQ:PTC) Stock Position Raised by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its stake in PTC Inc. (NASDAQ:PTC) by 98.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,708 shares of the technology company’s stock after purchasing an additional 1,842 shares during the period. AustralianSuper Pty Ltd’s holdings in PTC were worth $674,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PTC. Coldstream Capital Management Inc. increased its holdings in shares of PTC by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock worth $458,000 after acquiring an additional 55 shares during the period. Diversified Trust Co lifted its stake in PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after purchasing an additional 62 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of PTC by 3.1% during the 1st quarter. Fifth Third Bancorp now owns 2,165 shares of the technology company’s stock worth $409,000 after acquiring an additional 65 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its holdings in shares of PTC by 5.4% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after acquiring an additional 74 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTC has been the topic of several recent analyst reports. Citigroup cut their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Piper Sandler lifted their price objective 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. Mizuho reaffirmed a “neutral” rating and issued a $190.00 target price (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Finally, Robert W. Baird upped their price target on PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.18.

PTC Stock Down 0.7 %

Shares of PTC traded down $1.16 during midday trading on Wednesday, reaching $174.90. 65,218 shares of the stock were exchanged, compared to its average volume of 817,309. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 73.67, a P/E/G ratio of 3.23 and a beta of 1.18. The firm has a 50 day simple moving average of $176.87 and a 200-day simple moving average of $179.56. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

Insider Activity at PTC

In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total value of $712,800.00. Following the completion of the sale, the director now owns 52,137 shares of the company’s stock, valued at approximately $9,290,813.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Robert Schechter sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total transaction of $712,800.00. Following the completion of the transaction, the director now owns 52,137 shares in the company, valued at approximately $9,290,813.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,254 shares of company stock valued at $3,361,636. 1.17% of the stock is currently owned by corporate insiders.

PTC Profile

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.