Oddo BHF Asset Management Sas Makes New Investment in PTC Inc. (NASDAQ:PTC)

Oddo BHF Asset Management Sas purchased a new stake in PTC Inc. (NASDAQ:PTC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,231 shares of the technology company's stock, valued at approximately $3,113,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PTC. Oregon Public Employees Retirement Fund lifted its holdings in PTC by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company's stock worth $1,865,000 after buying an additional 61 shares during the period. First Horizon Advisors Inc. boosted its position in PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. IFM Investors Pty Ltd grew its stake in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock valued at $4,690,000 after purchasing an additional 66 shares during the last quarter. Metis Global Partners LLC raised its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock worth $1,202,000 after purchasing an additional 73 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in PTC by 9.3% in the third quarter. Signaturefd LLC now owns 894 shares of the technology company's stock worth $162,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Performance

PTC traded down $2.62 during trading on Friday, reaching $198.68. 593,390 shares of the company's stock were exchanged, compared to its average volume of 799,304. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The company's fifty day simple moving average is $191.05 and its 200-day simple moving average is $181.17. The stock has a market capitalization of $23.87 billion, a P/E ratio of 63.88, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their price objective on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Piper Sandler raised their price target on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average target price of $205.67.

Insiders Place Their Bets

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now owns 57,134 shares of the company's stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Alice Christenson sold 1,703 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares of the company's stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 1.17% of the company's stock.

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.