Advisory Alpha LLC Takes $253,000 Position in PTC Inc. (NASDAQ:PTC)

Advisory Alpha LLC bought a new stake in PTC Inc. (NASDAQ:PTC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,377 shares of the technology company's stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its stake in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company's stock valued at $35,000 after purchasing an additional 80 shares during the period. Brooklyn Investment Group purchased a new stake in shares of PTC in the third quarter valued at approximately $66,000. Park Place Capital Corp purchased a new stake in shares of PTC in the third quarter valued at approximately $67,000. Blue Trust Inc. raised its stake in shares of PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock worth $144,000 after buying an additional 654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of PTC during the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Trading Down 0.1 %

Shares of PTC stock traded down $0.11 during trading on Friday, hitting $188.96. 741,903 shares of the stock traded hands, compared to its average volume of 755,067. The firm's fifty day moving average price is $191.14 and its 200-day moving average price is $183.08. 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 has a market capitalization of $22.74 billion, a P/E ratio of 60.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09.

Analyst Ratings Changes

PTC has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and cut their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Stifel Nicolaus raised their price target on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Piper Sandler boosted their price objective on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.54.

Insider Activity

In other news, CAO Alice Christenson sold 1,703 shares of PTC 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 completion of the sale, the chief accounting officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Corinna Lathan sold 860 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock valued at $3,630,716 in the last quarter. Insiders own 0.32% of the company's stock.

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.