PTC Inc. (NASDAQ:PTC) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in PTC Inc. (NASDAQ:PTC - Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 204,692 shares of the technology company's stock after buying an additional 4,774 shares during the quarter. Vontobel Holding Ltd. owned about 0.17% of PTC worth $36,980,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock worth $26,000 after acquiring an additional 122 shares during the period. First Horizon Advisors Inc. grew its stake in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock worth $26,000 after purchasing an additional 62 shares during the period. Rothschild Investment LLC purchased a new position in shares of PTC in the 2nd quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of PTC in the second quarter valued at about $30,000. Finally, OFI Invest Asset Management purchased a new stake in PTC during the second quarter worth about $31,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

PTC Trading Up 0.4 %

NASDAQ:PTC traded up $0.74 on Thursday, reaching $185.22. The stock had a trading volume of 356,212 shares, compared to its average volume of 804,940. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 77.50, a P/E/G ratio of 2.67 and a beta of 1.17. The firm's fifty day moving average is $176.11 and its two-hundred day moving average is $177.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $518.64 million for 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%. Equities analysts expect that PTC Inc. will post 3.51 EPS for the current fiscal year.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related 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 transaction of $170,000.00. Following the completion of the transaction, the executive vice president now owns 13,902 shares of the company's stock, valued at approximately $2,363,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their position. 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 over the last quarter. Company insiders own 1.17% of the company's stock.

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.