Banco Santander S.A. Takes Position in PTC Inc. (NASDAQ:PTC)

Banco Santander S.A. purchased a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,701 shares of the technology company's stock, valued at approximately $669,000.

Several other large investors also recently bought and sold shares of PTC. Massachusetts Financial Services Co. MA increased its holdings in shares of PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company's stock worth $167,012,000 after buying an additional 150,652 shares during the last quarter. Intech Investment Management LLC increased its stake in PTC by 19.8% during the third quarter. Intech Investment Management LLC now owns 25,290 shares of the technology company's stock worth $4,569,000 after acquiring an additional 4,177 shares during the last quarter. Advisors Asset Management Inc. raised its position in PTC by 9.8% during the third quarter. Advisors Asset Management Inc. now owns 7,335 shares of the technology company's stock valued at $1,325,000 after purchasing an additional 654 shares during the period. Commerce Bank lifted its stake in shares of PTC by 6.3% in the 3rd quarter. Commerce Bank now owns 47,404 shares of the technology company's stock valued at $8,564,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Parnassus Investments LLC boosted its holdings in shares of PTC by 0.4% in the 3rd quarter. Parnassus Investments LLC now owns 99,226 shares of the technology company's stock worth $17,926,000 after purchasing an additional 398 shares during the period. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Rosenblatt Securities restated a "buy" rating and issued 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 stock a "neutral" rating in a research note on Thursday, November 7th. Berenberg Bank cut PTC from a "buy" rating to a "hold" rating and lowered their target price for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Royal Bank of Canada increased 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. Finally, Robert W. Baird raised their price objective on PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $204.83.

PTC Stock Performance

Shares of NASDAQ PTC traded up $4.89 during mid-day trading on Friday, hitting $197.64. The stock had a trading volume of 932,083 shares, compared to its average volume of 900,161. The firm has a market cap of $23.74 billion, a PE ratio of 63.55, a PEG ratio of 2.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50 day moving average of $184.36 and a two-hundred day moving average of $179.28. PTC Inc. has a twelve month low of $153.11 and a twelve month high of $199.48.

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.