PTC Inc. (NASDAQ:PTC) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 222,025 shares of the technology company's stock after selling 6,361 shares during the period. KBC Group NV owned 0.18% of PTC worth $40,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd raised its position in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after acquiring an additional 80 shares in the last quarter. Brooklyn Investment Group acquired a new position in PTC during the third quarter worth approximately $66,000. Park Place Capital Corp acquired a new position in PTC during the third quarter worth approximately $67,000. Blue Trust Inc. increased its position in PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock worth $144,000 after buying an additional 654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in PTC during the third quarter worth approximately $152,000. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded up $2.45 on Tuesday, reaching $190.93. 988,653 shares of the company's stock were exchanged, compared to its average volume of 774,395. The stock has a fifty day moving average of $191.10 and a 200-day moving average of $183.24. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The firm has a market cap of $22.98 billion, a PE ratio of 61.39, a P/E/G ratio of 2.55 and a beta of 1.18. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 860 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company's stock in a transaction on Monday, December 9th. The shares were 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 owns 21,707 shares in the company, valued at $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. Over the last ninety days, insiders have sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PTC has been the topic of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank lowered 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. Piper Sandler lifted their price target on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. boosted their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.