Swedbank AB Purchases 3,157 Shares of PTC Inc. (NASDAQ:PTC)

Swedbank AB increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 5.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,829 shares of the technology company's stock after buying an additional 3,157 shares during the period. Swedbank AB owned about 0.05% of PTC worth $11,170,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in PTC by 66.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company's stock valued at $140,577,000 after purchasing an additional 310,092 shares during the last quarter. Matrix Capital Management Company LP bought a new position in PTC in the 1st quarter worth approximately $56,076,000. Vanguard Group Inc. boosted its holdings in PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company's stock worth $2,596,209,000 after buying an additional 205,673 shares during the period. Clearbridge Investments LLC purchased a new position in PTC in the 1st quarter valued at approximately $28,510,000. Finally, Railway Pension Investments Ltd purchased a new stake in shares of PTC during the second quarter worth $24,416,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $202.00 price target on shares of PTC in a report on Thursday, August 1st. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, Piper Sandler increased their target price on shares of PTC from $177.00 to $182.00 and gave the stock 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.18.

PTC Price Performance

NASDAQ:PTC traded down $0.82 during midday trading on Friday, hitting $184.40. The company had a trading volume of 418,618 shares, compared to its average volume of 803,056. The company has a market capitalization of $22.15 billion, a PE ratio of 75.27, a P/E/G ratio of 2.73 and a beta of 1.17. 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 Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The stock's fifty day moving average price is $176.11 and its 200-day moving average price is $177.72.

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

Insider Buying and Selling at PTC

In other PTC news, Director Robert Schechter sold 5,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $10,237,855.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares of the company's stock, valued at $7,562,433.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Schechter sold 5,000 shares of the company's stock in a transaction 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 sale, the director now owns 59,616 shares of the company's stock, valued at $10,237,855.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $1,714,010 over the last ninety days. 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.