PTC Inc. (NASDAQ:PTC) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd raised its position in PTC Inc. (NASDAQ:PTC - Free Report) by 246.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,630 shares of the technology company's stock after buying an additional 5,425 shares during the quarter. XTX Topco Ltd's holdings in PTC were worth $1,386,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PTC. First Horizon Advisors Inc. lifted its holdings in shares of PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock valued at $26,000 after buying an additional 62 shares during the period. Blue Trust Inc. boosted its position in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock worth $26,000 after purchasing an additional 122 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of PTC during the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC in the 2nd quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of PTC in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Transactions at PTC

In related news, Director Robert Schechter sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the sale, the executive vice president now directly owns 13,902 shares in the company, valued at $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $2,431,330 in the last three months. Company insiders own 1.17% of the company's stock.

PTC Trading Down 1.8 %

Shares of PTC traded down $3.23 on Friday, hitting $175.90. 1,576,599 shares of the stock traded hands, compared to its average volume of 832,125. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24. The stock's 50 day moving average is $174.25 and its two-hundred day moving average is $178.57. The firm has a market capitalization of $21.06 billion, a P/E ratio of 73.60, a P/E/G ratio of 3.24 and a beta of 1.18. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. As a group, sell-side analysts predict that PTC Inc. will post 3.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of research analyst reports. Mizuho reaffirmed a "neutral" rating and issued a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Rosenblatt Securities lifted their price objective on PTC from $190.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $202.00 target price on shares of PTC in a report on Thursday, August 1st. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, Piper Sandler increased their price objective on shares of PTC from $177.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $200.18.

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.