PTC Inc. (NASDAQ:PTC) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in shares of PTC Inc. (NASDAQ:PTC) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,977 shares of the technology company’s stock after selling 2,919 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in PTC were worth $3,609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in PTC by 77.5% in the second 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 in the last quarter. Blue Trust Inc. grew its stake in 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 last quarter. Rothschild Investment LLC acquired a new position in PTC during the second quarter worth approximately $29,000. International Assets Investment Management LLC purchased a new stake in PTC in the second quarter valued at approximately $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of PTC in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.4 %

Shares of PTC stock opened at $200.20 on Wednesday. The business’s fifty day moving average price is $187.60 and its 200 day moving average price is $180.18. The firm has a market capitalization of $24.05 billion, a PE ratio of 64.37, a P/E/G ratio of 2.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC Inc. has a 1-year low of $157.72 and a 1-year high of $201.66.

Analysts Set New Price Targets

Several analysts recently commented on PTC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Robert W. Baird boosted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and dropped their target price for the company from $210.00 to $196.00 in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $205.67.

Insider Transactions at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,869 shares of company stock valued at $2,555,418 in the last ninety days. 1.17% of the stock is currently owned by company insiders.

PTC Company 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.