Nomura Asset Management Co. Ltd. raised its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,646 shares of the technology company's stock after acquiring an additional 4,364 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in PTC were worth $6,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of PTC by 762.5% during the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. raised its position in PTC by 77.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock worth $26,000 after purchasing an additional 62 shares during the period. Rothschild Investment LLC bought a new stake in PTC in the second quarter worth about $29,000. International Assets Investment Management LLC purchased a new position in shares of PTC during the second quarter valued at approximately $30,000. Finally, OFI Invest Asset Management purchased a new stake in PTC in the second quarter worth $31,000. 95.14% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PTC. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and lowered their target price for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada upped their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Piper Sandler boosted their price target on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average price target of $205.67.
Check Out Our Latest Stock Report on PTC
Insider Buying and Selling at PTC
In other news, CFO Kristian Talvitie sold 10,306 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares in the company, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company's stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,242 shares of company stock worth $3,630,716. Insiders own 1.17% of the company's stock.
PTC Stock Performance
PTC traded down $2.62 during trading on Friday, reaching $198.68. 593,390 shares of the company's stock were exchanged, compared to its average volume of 799,304. The company's fifty day simple moving average is $190.66 and its 200-day simple moving average is $181.07. The stock has a market capitalization of $23.87 billion, a P/E ratio of 63.74, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09.
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.
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