PTC Inc. (NASDAQ:PTC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 39.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,069 shares of the technology company's stock after purchasing an additional 19,655 shares during the period. Natixis Advisors LLC owned 0.06% of PTC worth $12,478,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mizuho Securities USA LLC raised its stake in shares of PTC by 250.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 32,303 shares of the technology company's stock worth $5,836,000 after acquiring an additional 23,079 shares in the last quarter. Empowered Funds LLC boosted its position in shares of PTC by 10.9% in the 3rd quarter. Empowered Funds LLC now owns 2,144 shares of the technology company's stock worth $387,000 after purchasing an additional 210 shares in the last quarter. CIBC Asset Management Inc grew its stake in PTC by 8.5% during the 3rd quarter. CIBC Asset Management Inc now owns 17,494 shares of the technology company's stock worth $3,160,000 after buying an additional 1,377 shares during the last quarter. Metis Global Partners LLC raised its stake in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock valued at $1,202,000 after buying an additional 73 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of PTC by 2.1% during the third quarter. KBC Group NV now owns 228,386 shares of the technology company's stock valued at $41,260,000 after acquiring an additional 4,712 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Performance

NASDAQ:PTC opened at $189.18 on Thursday. The company has a market cap of $22.73 billion, a P/E ratio of 60.61, a P/E/G ratio of 2.56 and a beta of 1.17. PTC Inc. has a twelve month low of $152.68 and a twelve month high of $199.48. The company's 50-day moving average price is $183.41 and its 200-day moving average price is $179.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PTC. StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Rosenblatt Securities reissued 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 lifted their price target on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $204.83.

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.