Impax Asset Management Group plc cut its position in PTC Inc. (NASDAQ:PTC - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,972 shares of the technology company's stock after selling 35,810 shares during the quarter. Impax Asset Management Group plc owned about 0.92% of PTC worth $198,426,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of PTC. Vanguard Group Inc. raised its position in shares of PTC by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company's stock valued at $2,596,209,000 after buying an additional 205,673 shares in the last quarter. Liontrust Investment Partners LLP boosted its holdings in shares of PTC by 1.0% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company's stock valued at $182,383,000 after buying an additional 10,338 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in PTC by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company's stock valued at $165,377,000 after purchasing an additional 40,462 shares during the last quarter. Fernbridge Capital Management LP lifted its holdings in shares of PTC by 6.3% during the second quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company's stock valued at $141,342,000 after purchasing an additional 46,286 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in PTC by 66.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company's stock worth $140,577,000 after purchasing an additional 310,092 shares during the last quarter. Institutional investors own 95.14% of the company's stock.
Insider Activity
In related news, Director Janice Chaffin sold 4,000 shares of the firm's stock in a transaction on Monday, August 12th. The stock was 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 owns 44,137 shares in the company, valued at $7,562,433.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.17% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on PTC. Robert W. Baird upped their price objective on PTC from $216.00 to $226.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Piper Sandler upped their price target on shares of PTC from $177.00 to $182.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Rosenblatt Securities restated a "buy" rating and set a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Five research 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 a consensus rating of "Moderate Buy" and an average price target of $200.67.
Read Our Latest Analysis on PTC
PTC Stock Performance
NASDAQ:PTC traded up $3.77 during trading hours on Tuesday, hitting $189.99. 900,692 shares of the company were exchanged, compared to its average volume of 796,475. 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 market capitalization of $22.83 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 2.72 and a beta of 1.17. The company's 50 day moving average price is $179.01 and its 200-day moving average price is $177.99.
PTC Profile
(
Free Report)
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.
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