Oppenheimer Asset Management Inc. Has $2.26 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Oppenheimer Asset Management Inc. increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 236.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,524 shares of the technology company's stock after acquiring an additional 8,798 shares during the period. Oppenheimer Asset Management Inc.'s holdings in PTC were worth $2,263,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in PTC by 180.8% during the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company's stock worth $5,115,000 after purchasing an additional 17,430 shares during the last quarter. US Bancorp DE increased its position in shares of PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company's stock valued at $2,559,000 after acquiring an additional 5,717 shares during the last quarter. Swedbank AB bought a new stake in PTC during the first quarter worth about $9,849,000. Edgestream Partners L.P. acquired a new position in PTC during the first quarter valued at approximately $2,595,000. Finally, CWM LLC grew its stake in PTC by 112.0% in the second quarter. CWM LLC now owns 7,189 shares of the technology company's stock valued at $1,306,000 after purchasing an additional 3,798 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Stock Performance

Shares of NASDAQ:PTC traded down $1.10 on Friday, reaching $190.01. 687,016 shares of the company's stock were exchanged, compared to its average volume of 860,306. The company has a current ratio of 1.45, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. PTC Inc. has a twelve month low of $151.73 and a twelve month high of $199.48. The company has a fifty day moving average of $182.14 and a 200-day moving average of $178.73. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of 61.10, a PEG ratio of 2.57 and a beta of 1.17.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities restated a "buy" rating and set a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their price objective on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and an average price target of $204.83.

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.