XTX Topco Ltd Sells 1,971 Shares of PTC Inc. (NASDAQ:PTC)

XTX Topco Ltd decreased its stake in PTC Inc. (NASDAQ:PTC) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,659 shares of the technology company’s stock after selling 1,971 shares during the period. XTX Topco Ltd’s holdings in PTC were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after acquiring an additional 61 shares during the period. Diversified Trust Co grew its holdings in PTC by 2.9% in the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after purchasing an additional 62 shares during the period. First Horizon Advisors Inc. grew its holdings in PTC by 77.5% in the second 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 period. IFM Investors Pty Ltd grew its holdings in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after purchasing an additional 66 shares during the period. Finally, Metis Global Partners LLC grew its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Activity at PTC

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction 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. The trade was a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,242 shares of company stock valued at $3,630,716. Corporate insiders own 1.17% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities reissued a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.67.

PTC Price Performance

PTC opened at $198.35 on Wednesday. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 63.78, a PEG ratio of 2.72 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $189.25 and a 200-day moving average price of $180.67. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $202.80.

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.