Czech National Bank Has $4.79 Million Holdings in PTC Inc. (NASDAQ:PTC)

Czech National Bank increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,047 shares of the technology company's stock after buying an additional 1,575 shares during the quarter. Czech National Bank's holdings in PTC were worth $4,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PTC. Covestor Ltd increased its stake in PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 80 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in PTC by 66.4% during the second quarter. Brown Brothers Harriman & Co. now owns 233 shares of the technology company's stock worth $42,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new stake in PTC during the third quarter worth about $66,000. Park Place Capital Corp acquired a new stake in PTC during the third quarter worth about $67,000. Finally, Resources Management Corp CT ADV increased its stake in PTC by 95.3% during the second quarter. Resources Management Corp CT ADV now owns 713 shares of the technology company's stock worth $130,000 after acquiring an additional 348 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

PTC traded up $1.60 during trading hours on Thursday, hitting $186.97. The company's stock had a trading volume of 523,165 shares, compared to its average volume of 740,047. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22.50 billion, a PE ratio of 60.12, a PEG ratio of 2.47 and a beta of 1.18. The company has a 50-day simple moving average of $191.62 and a 200 day simple moving average of $182.93.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares of the company's stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Corinna Lathan sold 860 shares of PTC stock in a transaction dated Monday, November 25th. The shares were 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. This trade represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,242 shares of company stock worth $3,630,716. Corporate insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada upped their price target on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $207.54.

PTC Company 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.