Portfolio Design Labs LLC Acquires 4,386 Shares of PTC Inc. (NASDAQ:PTC)

Portfolio Design Labs LLC increased its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 24.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,545 shares of the technology company's stock after buying an additional 4,386 shares during the period. PTC accounts for about 0.9% of Portfolio Design Labs LLC's portfolio, making the stock its 27th largest holding. Portfolio Design Labs LLC's holdings in PTC were worth $4,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wedmont Private Capital increased its stake in PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock worth $734,000 after acquiring an additional 64 shares during the period. IFM Investors Pty Ltd increased its holdings in PTC by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock worth $4,690,000 after purchasing an additional 66 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of PTC by 1.1% during the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock valued at $1,202,000 after acquiring an additional 73 shares during the last quarter. Signaturefd LLC raised its position in shares of PTC by 9.3% during the third quarter. Signaturefd LLC now owns 894 shares of the technology company's stock worth $162,000 after acquiring an additional 76 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in PTC by 2.2% during the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company's stock worth $651,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Stock Up 1.9 %

PTC traded up $3.17 on Friday, hitting $171.10. The company had a trading volume of 1,445,065 shares, compared to its average volume of 1,040,106. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.78. The firm has a market capitalization of $20.59 billion, a P/E ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19. The stock has a fifty day simple moving average of $186.10 and a 200-day simple moving average of $183.40. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, equities analysts expect that PTC Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTC has been the topic of several research reports. KeyCorp upped their price objective on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. 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. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Citigroup reduced their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.09.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Corinna Lathan sold 860 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the sale, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last three months. Insiders own 0.32% of the company's stock.

About PTC

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.