Brooklyn Investment Group Makes New $66,000 Investment in PTC Inc. (NASDAQ:PTC)

Brooklyn Investment Group bought a new position in PTC Inc. (NASDAQ:PTC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 367 shares of the technology company’s stock, valued at approximately $66,000.

A number of other large investors also recently modified their holdings of PTC. Blue Trust Inc. grew its position in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after buying an additional 122 shares during the period. First Horizon Advisors Inc. boosted its position in shares of PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Rothschild Investment LLC bought a new stake in PTC in the second quarter valued at about $29,000. International Assets Investment Management LLC acquired a new position in PTC in the second quarter valued at about $30,000. Finally, OFI Invest Asset Management bought a new position in PTC during the second quarter worth about $31,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PTC. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and dropped their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Finally, Robert W. Baird increased their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.83.

PTC Stock Down 0.1 %

Shares of PTC opened at $199.01 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a 52 week low of $153.44 and a 52 week high of $201.66. The stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 63.99, a PEG ratio of 2.72 and a beta of 1.17. The stock has a fifty day moving average of $186.24 and a 200-day moving average of $179.84.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now directly owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares in the company, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

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.