PTC Inc. (NASDAQ:PTC) is Capital Investment Services of America Inc.'s 8th Largest Position

Capital Investment Services of America Inc. decreased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,447 shares of the technology company's stock after selling 10,381 shares during the quarter. PTC accounts for 3.3% of Capital Investment Services of America Inc.'s portfolio, making the stock its 8th largest position. Capital Investment Services of America Inc. owned about 0.16% of PTC worth $34,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake 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 acquiring an additional 62 shares during the last quarter. Blue Trust Inc. lifted its position in PTC by 762.5% in the second quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of PTC during the second quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new position in shares of PTC in the second quarter worth approximately $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of PTC in the second quarter worth $31,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Price Performance

Shares of NASDAQ PTC traded up $1.20 during mid-day trading on Monday, reaching $186.23. The company's stock had a trading volume of 861,368 shares, compared to its average volume of 795,986. 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 Inc. has a 52 week low of $146.63 and a 52 week high of $194.24. The stock has a fifty day moving average of $178.53 and a two-hundred day moving average of $177.82. The firm has a market capitalization of $22.37 billion, a PE ratio of 76.06, a P/E/G ratio of 2.72 and a beta of 1.17.

Insiders Place Their Bets

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business's 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 sale, the director now owns 44,137 shares in the company, valued at $7,562,433.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Janice Chaffin sold 4,000 shares of the firm's 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 completion of the transaction, the director now directly owns 44,137 shares of the company's stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the sale, the director now owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $1,714,010 in the last three months. 1.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PTC. Berenberg Bank lowered shares of 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 report on Friday. Piper Sandler upped their target price on shares of PTC from $177.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on PTC from $216.00 to $226.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Rosenblatt Securities restated a "buy" rating and set a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $200.67.

PTC Company 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.