Sanctuary Advisors LLC Purchases New Shares in PTC Inc. (NASDAQ:PTC)

Sanctuary Advisors LLC acquired a new position in shares of PTC Inc. (NASDAQ:PTC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,868 shares of the technology company's stock, valued at approximately $519,000.

Several other institutional investors also recently modified their holdings of PTC. First Horizon Advisors Inc. grew its stake in 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 last quarter. Blue Trust Inc. grew its stake in PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock valued at $26,000 after buying an additional 122 shares during the last quarter. Rothschild Investment LLC acquired a new position in PTC in the 2nd quarter valued at about $29,000. International Assets Investment Management LLC acquired a new position in PTC in the 2nd quarter valued at about $30,000. Finally, OFI Invest Asset Management bought a new stake in PTC in the 2nd quarter valued at about $31,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PTC

In other PTC news, Director Robert Schechter sold 5,000 shares of the company'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 transaction, the director now directly owns 59,616 shares in the company, valued at approximately $10,237,855.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Schechter sold 5,000 shares of the company'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 transaction of $858,650.00. Following the completion of the transaction, the director now owns 59,616 shares of the company's stock, valued at approximately $10,237,855.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $1,714,010 in the last quarter. Insiders own 1.17% of the company's stock.

PTC Price Performance

NASDAQ:PTC traded up $0.47 on Wednesday, hitting $184.48. The company had a trading volume of 609,761 shares, compared to its average volume of 807,184. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 77.19, a PEG ratio of 2.67 and a beta of 1.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $175.81 and a two-hundred day moving average of $177.67. PTC Inc. has a 52 week low of $134.61 and a 52 week high of $194.24.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. On average, research analysts anticipate that PTC Inc. will post 3.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PTC. Piper Sandler boosted their price objective on shares of PTC from $177.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, August 1st. Rosenblatt Securities reissued a "buy" rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $200.18.

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.