Free Trial

Pacer Advisors Inc. Buys 13,751 Shares of PTC Inc. (NASDAQ:PTC)

PTC logo with Computer and Technology background

Pacer Advisors Inc. lifted its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,203 shares of the technology company's stock after buying an additional 13,751 shares during the period. Pacer Advisors Inc.'s holdings in PTC were worth $6,105,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wedmont Private Capital raised its holdings in shares of PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after buying an additional 64 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in PTC by 0.3% during the 3rd 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 in the last quarter. Metis Global Partners LLC increased its holdings in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock valued at $1,202,000 after purchasing an additional 73 shares in the last quarter. Signaturefd LLC increased its holdings in PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company's stock valued at $162,000 after purchasing an additional 76 shares in the last quarter. Finally, Equitable Trust Co. increased its holdings in PTC by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,602 shares of the technology company's stock valued at $651,000 after purchasing an additional 79 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Trading Up 0.8 %

Shares of NASDAQ:PTC traded up $1.47 during midday trading on Friday, hitting $193.48. The company had a trading volume of 1,470,120 shares, compared to its average volume of 708,084. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock has a market cap of $23.29 billion, a price-to-earnings ratio of 62.21, a PEG ratio of 2.57 and a beta of 1.18. The firm has a fifty day simple moving average of $191.05 and a 200 day simple moving average of $183.46.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PTC shares. Robert W. Baird raised their price target on PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price objective on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, December 2nd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $208.30.

Get Our Latest Research Report on PTC

Insiders Place Their Bets

In other news, 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 directly owns 830 shares of the company's stock, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company's stock in a transaction dated Monday, December 9th. The stock was 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 of the company's stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,242 shares of company stock worth $3,630,716. Corporate insiders own 0.32% of the company's stock.

About PTC

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

Should You Invest $1,000 in PTC Right Now?

Before you consider PTC, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PTC wasn't on the list.

While PTC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines