B. Metzler seel. Sohn & Co. Holding AG Invests $1.24 Million in PTC Inc. (NASDAQ:PTC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in PTC Inc. (NASDAQ:PTC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,835 shares of the technology company's stock, valued at approximately $1,235,000.

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock valued at $26,000 after buying an additional 122 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of PTC in the 2nd quarter worth $29,000. International Assets Investment Management LLC acquired a new position in PTC during the 2nd quarter valued at about $30,000. Finally, OFI Invest Asset Management purchased a new stake in shares of PTC during the second quarter worth about $31,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Up 2.5 %

PTC traded up $4.89 during trading hours on Friday, hitting $197.64. 932,083 shares of the company's stock were exchanged, compared to its average volume of 900,161. The firm has a market cap of $23.74 billion, a P/E ratio of 63.55, a price-to-earnings-growth ratio of 2.61 and a beta of 1.17. The firm has a 50 day moving average of $184.36 and a 200 day moving average of $179.28. PTC Inc. has a 12-month low of $153.11 and a 12-month high of $199.48. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at approximately $160,356. The trade was 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 this link. 1.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of recent research reports. 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. Royal Bank of Canada raised their price target 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. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and reduced their target price for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Robert W. Baird upped 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. Finally, StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $204.83.

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.