PTC Inc. (NASDAQ:PTC) Shares Bought by BSW Wealth Partners

BSW Wealth Partners lifted its position in shares of PTC Inc. (NASDAQ:PTC) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,953 shares of the technology company’s stock after purchasing an additional 128 shares during the period. BSW Wealth Partners’ holdings in PTC were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PTC. Wedmont Private Capital raised its holdings in shares of PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after buying an additional 64 shares during the last quarter. IFM Investors Pty Ltd lifted its position in PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after acquiring an additional 66 shares during the period. Metis Global Partners LLC grew its stake in shares of PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the last quarter. Signaturefd LLC increased its holdings in shares of PTC by 9.3% in the third quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after purchasing an additional 76 shares during the period. Finally, Equitable Trust Co. lifted its holdings in shares of PTC by 2.2% during the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock worth $651,000 after purchasing an additional 79 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of analyst reports. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and cut their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Stifel Nicolaus lifted their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.54.

PTC Stock Down 1.0 %

Shares of NASDAQ PTC opened at $189.08 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s 50-day moving average is $191.14 and its two-hundred day moving average is $183.30. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The company has a market capitalization of $22.76 billion, a PE ratio of 60.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18.

Insider Activity at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of the firm’s 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 sale, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This trade represents a 15.28 % 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 this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is owned by corporate 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.