Bryn Mawr Capital Management LLC Buys Shares of 6,592 PTC Inc. (NASDAQ:PTC)

Bryn Mawr Capital Management LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,592 shares of the technology company's stock, valued at approximately $1,212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock valued at $35,000 after buying an additional 80 shares during the period. Allworth Financial LP raised its position in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group acquired a new stake in PTC in the 3rd quarter valued at about $66,000. Blue Trust Inc. boosted its position in shares of PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock valued at $144,000 after purchasing an additional 654 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC during the 3rd quarter valued at about $152,000. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PTC. Robert W. Baird boosted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Piper Sandler upped their price target on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. KeyCorp upped their target price on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Berenberg Bank downgraded PTC from a "buy" rating to a "hold" rating and cut their price objective for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $210.09.

PTC Stock Down 2.5 %

Shares of NASDAQ:PTC traded down $4.11 during trading on Friday, reaching $161.65. 902,434 shares of the company traded hands, compared to its average volume of 1,117,583. PTC Inc. has a 1-year low of $161.02 and a 1-year high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market cap of $19.45 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The firm has a fifty day simple moving average of $183.63 and a 200 day simple moving average of $183.18.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data 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 net margin of 16.95% and a return on equity of 14.49%. Analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In related news, Director Corinna Lathan sold 860 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,539 shares of company stock valued at $3,301,697. 0.32% of the stock is owned by corporate insiders.

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.