US Bancorp DE Raises Holdings in PTC Inc. (NASDAQ:PTC)

US Bancorp DE boosted its position in PTC Inc. (NASDAQ:PTC - Free Report) by 67.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,165 shares of the technology company's stock after acquiring an additional 5,717 shares during the quarter. US Bancorp DE's holdings in PTC were worth $2,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PTC. Oregon Public Employees Retirement Fund boosted its stake in shares of PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company's stock valued at $1,865,000 after purchasing an additional 61 shares in the last quarter. Diversified Trust Co boosted its position in PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company's stock valued at $398,000 after buying an additional 62 shares during the period. First Horizon Advisors Inc. grew its stake in shares of 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 buying an additional 62 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock worth $4,690,000 after buying an additional 66 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company's stock valued at $162,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the transaction, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.17% of the company's stock.

PTC Stock Up 4.2 %

Shares of PTC traded up $8.05 on Wednesday, reaching $198.04. The stock had a trading volume of 1,714,331 shares, compared to its average volume of 800,744. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. PTC Inc. has a 12-month low of $147.95 and a 12-month high of $199.48. The firm has a market capitalization of $23.79 billion, a price-to-earnings ratio of 80.49, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17. The company has a 50-day simple moving average of $179.01 and a 200-day simple moving average of $177.99.

Analyst Ratings Changes

Several research firms recently issued reports on PTC. Royal Bank of Canada restated an "outperform" rating and set a $202.00 price target on shares of PTC in a research report on Thursday, August 1st. Piper Sandler raised their target price on shares of PTC from $177.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Berenberg Bank cut shares of PTC from a "buy" rating to a "hold" rating and dropped their price target for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated 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 eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $200.67.

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.