PTC Inc. (NASDAQ:PTC) Shares Sold by GraniteShares Advisors LLC

GraniteShares Advisors LLC decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 23.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,623 shares of the technology company’s stock after selling 800 shares during the quarter. GraniteShares Advisors LLC’s holdings in PTC were worth $482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Allspring Global Investments Holdings LLC increased its stake in PTC by 8.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 493 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in PTC by 5.9% during the third quarter. Sequoia Financial Advisors LLC now owns 1,461 shares of the technology company’s stock worth $264,000 after acquiring an additional 82 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of PTC by 786.5% during the third quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock worth $261,000 after buying an additional 1,282 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of PTC by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,438 shares of the technology company’s stock worth $1,537,000 after buying an additional 2,216 shares during the period. Finally, Forsta AP Fonden boosted its position in shares of PTC by 9.8% during the third quarter. Forsta AP Fonden now owns 25,800 shares of the technology company’s stock worth $4,661,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PTC. Piper Sandler raised their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Insider Transactions at PTC

In other news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The stock was 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. The trade was a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

PTC Trading Up 0.1 %

NASDAQ:PTC opened at $162.72 on Wednesday. The firm has a market cap of $19.58 billion, a PE ratio of 50.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $181.46 and a 200 day moving average price of $183.22. PTC Inc. has a 12-month low of $160.53 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

About PTC

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.