Diversify Wealth Management LLC Buys 1,337 Shares of PTC Inc. (NASDAQ:PTC)

Diversify Wealth Management LLC grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,606 shares of the technology company's stock after purchasing an additional 1,337 shares during the period. Diversify Wealth Management LLC's holdings in PTC were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in PTC by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 467,702 shares of the technology company's stock worth $84,968,000 after purchasing an additional 26,422 shares in the last quarter. Sei Investments Co. increased its stake in PTC by 5.9% in the second quarter. Sei Investments Co. now owns 42,521 shares of the technology company's stock valued at $7,725,000 after purchasing an additional 2,379 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in PTC during the second quarter worth about $221,000. Profund Advisors LLC increased its stake in PTC by 6.9% during the second quarter. Profund Advisors LLC now owns 2,495 shares of the technology company's stock worth $453,000 after acquiring an additional 161 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in PTC by 6.4% during the second quarter. ProShare Advisors LLC now owns 24,104 shares of the technology company's stock worth $4,379,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares of the company's stock, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction dated Monday, December 9th. The stock was 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 approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,242 shares of company stock worth $3,630,716. Company insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

PTC has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, December 2nd. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Robert W. Baird lifted their price target on PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $207.54.

PTC Price Performance

NASDAQ:PTC traded up $0.15 during mid-day trading on Wednesday, reaching $188.05. The stock had a trading volume of 249,954 shares, compared to its average volume of 701,546. The stock has a 50-day simple moving average of $191.29 and a two-hundred day simple moving average of $183.01. The stock has a market capitalization of $22.63 billion, a PE ratio of 60.46, a P/E/G ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09.

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.