Oak Thistle LLC Makes New Investment in PTC Inc. (NASDAQ:PTC)

Oak Thistle LLC bought a new position in PTC Inc. (NASDAQ:PTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,051 shares of the technology company's stock, valued at approximately $1,113,000.

Other large investors have also made changes to their positions in the company. Fernbridge Capital Management LP raised its stake in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after buying an additional 650,990 shares during the period. Congress Asset Management Co. lifted its holdings in PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company's stock valued at $119,746,000 after purchasing an additional 586,443 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC in the third quarter worth $84,549,000. Massachusetts Financial Services Co. MA raised its position in shares of PTC by 66.9% during the 2nd 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 period. Finally, JPMorgan Chase & Co. lifted its stake in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after buying an additional 135,677 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Down 0.1 %

Shares of PTC traded down $0.13 during midday trading on Wednesday, hitting $185.37. The stock had a trading volume of 549,407 shares, compared to its average volume of 764,140. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. The stock's 50 day moving average is $191.93 and its 200 day moving average is $182.89. The firm has a market cap of $22.31 billion, a PE ratio of 59.60, a price-to-earnings-growth ratio of 2.70 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PTC shares. Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and reduced their price objective for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their price target on shares of PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.54.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now directly owns 57,134 shares of the company's stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock valued at $3,630,716 in the last ninety days. 0.32% of the stock is owned by company insiders.

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.