Banque Cantonale Vaudoise Cuts Stock Position in PTC Inc. (NASDAQ:PTC)

Banque Cantonale Vaudoise lessened its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,831 shares of the technology company's stock after selling 13,832 shares during the period. Banque Cantonale Vaudoise's holdings in PTC were worth $331,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PTC. Janney Montgomery Scott LLC bought a new stake in shares of PTC in the 1st quarter valued at about $215,000. Acadian Asset Management LLC lifted its stake in PTC by 74.7% in the first quarter. Acadian Asset Management LLC now owns 2,047 shares of the technology company's stock valued at $385,000 after buying an additional 875 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in PTC by 22.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,449 shares of the technology company's stock worth $841,000 after purchasing an additional 826 shares during the period. Bessemer Group Inc. lifted its holdings in shares of PTC by 19.3% in the first quarter. Bessemer Group Inc. now owns 2,663 shares of the technology company's stock valued at $504,000 after purchasing an additional 430 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in PTC by 2.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 84,637 shares of the technology company's stock worth $15,995,000 after acquiring an additional 1,965 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company's 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 transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This represents a 67.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.17% of the company's stock.

PTC Stock Up 2.5 %

PTC traded up $4.89 during midday trading on Friday, hitting $197.64. The company had a trading volume of 932,071 shares, compared to its average volume of 807,812. The stock's 50 day moving average price is $183.85 and its 200 day moving average price is $179.15. PTC Inc. has a 52 week low of $153.11 and a 52 week high of $199.48. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 62.04, a PEG ratio of 2.56 and a beta of 1.17. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

Several brokerages have commented on PTC. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and cut their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of 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 PTC from a "hold" rating to a "buy" rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $204.83.

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.