Jane Street Group LLC Lowers Holdings in PTC Inc. (NASDAQ:PTC)

Jane Street Group LLC reduced its position in PTC Inc. (NASDAQ:PTC - Free Report) by 50.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,478 shares of the technology company's stock after selling 25,184 shares during the quarter. Jane Street Group LLC's holdings in PTC were worth $4,422,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock worth $26,000 after buying an additional 62 shares during the period. Fifth Third Bancorp lifted its stake in shares of PTC by 9.8% in the 2nd quarter. Fifth Third Bancorp now owns 2,377 shares of the technology company's stock valued at $432,000 after acquiring an additional 212 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in PTC by 13.2% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 768,810 shares of the technology company's stock valued at $139,670,000 after acquiring an additional 89,678 shares during the period. Finally, Addison Capital Co grew its position in PTC by 3.9% during the 2nd quarter. Addison Capital Co now owns 3,127 shares of the technology company's stock worth $568,000 after acquiring an additional 118 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares of the company's stock, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock worth $3,630,716 over the last ninety days. 1.17% of the stock is owned by corporate insiders.

PTC Stock Down 4.1 %

Shares of PTC stock traded down $8.07 during midday trading on Wednesday, reaching $188.83. 1,091,392 shares of the stock were exchanged, compared to its average volume of 800,000. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The firm has a market cap of $22.68 billion, a PE ratio of 60.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16. The company's 50 day moving average is $192.02 and its two-hundred day moving average is $181.59. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and lowered their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. 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 report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.54.

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.