PTC Inc. (NASDAQ:PTC) is Ownership Capital B.V.'s 6th Largest Position

Ownership Capital B.V. cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 947,144 shares of the technology company's stock after selling 202,607 shares during the period. PTC accounts for about 5.5% of Ownership Capital B.V.'s holdings, making the stock its 6th biggest position. Ownership Capital B.V. owned approximately 0.79% of PTC worth $171,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in PTC by 1.5% in 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 during the last quarter. Impax Asset Management Group plc boosted its position in shares of PTC by 4.4% during the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company's stock worth $206,091,000 after purchasing an additional 48,553 shares in the last quarter. Liontrust Investment Partners LLP boosted its position 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 worth $182,383,000 after purchasing an additional 10,338 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 worth $165,377,000 after purchasing an additional 40,462 shares in the last quarter. Finally, Fernbridge Capital Management LP boosted its position in shares of PTC by 6.3% during the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company's stock worth $141,342,000 after purchasing an additional 46,286 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PTC

In related news, Director Janice Chaffin sold 4,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the sale, the director now directly owns 44,137 shares of the company's stock, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.17% of the stock is currently owned by corporate insiders.

PTC Stock Up 1.5 %

NASDAQ PTC traded up $2.78 on Friday, reaching $192.83. The company had a trading volume of 1,598,923 shares, compared to its average volume of 752,999. The firm has a market capitalization of $23.17 billion, a PE ratio of 62.00, a P/E/G ratio of 2.83 and a beta of 1.17. PTC Inc. has a 1 year low of $148.01 and a 1 year high of $199.48. The firm has a 50-day moving average of $180.03 and a 200-day moving average of $178.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 0.70.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PTC shares. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and decreased their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Piper Sandler lifted their price target on PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research note on Friday. Royal Bank of Canada lifted their price target on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Robert W. Baird lifted their price target on PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.83.

PTC 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.