GAM Holding AG Purchases 2,272 Shares of PTC Inc. (NASDAQ:PTC)

GAM Holding AG lifted its position in PTC Inc. (NASDAQ:PTC) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,686 shares of the technology company’s stock after acquiring an additional 2,272 shares during the period. GAM Holding AG’s holdings in PTC were worth $5,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in PTC by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,612 shares of the technology company’s stock worth $807,000 after purchasing an additional 113 shares during the period. Riverview Trust Co bought a new position in PTC during the first quarter worth $34,000. Wealth Enhancement Advisory Services LLC boosted its position in PTC by 61.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,658 shares of the technology company’s stock worth $1,069,000 after purchasing an additional 2,144 shares during the period. SteelPeak Wealth LLC boosted its position in PTC by 13.2% during the first quarter. SteelPeak Wealth LLC now owns 3,878 shares of the technology company’s stock worth $733,000 after purchasing an additional 451 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in PTC during the first quarter worth $617,000. 95.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares of the company’s stock, valued at $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at $2,363,340. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,000 shares of company stock valued at $1,714,010. 1.17% of the stock is currently owned by corporate insiders.

PTC Stock Down 1.0 %

PTC stock opened at $182.93 on Wednesday. The company has a market cap of $21.98 billion, a PE ratio of 74.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.17. The business has a 50-day simple moving average of $176.84 and a 200 day simple moving average of $177.58. PTC Inc. has a 52 week low of $134.61 and a 52 week 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.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird lifted their target price on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday. Piper Sandler lifted their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.09.

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.