PTC Inc. (NASDAQ:PTC) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 944.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,143 shares of the technology company's stock after purchasing an additional 21,832 shares during the quarter. SG Americas Securities LLC's holdings in PTC were worth $4,439,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fernbridge Capital Management LP grew its position in shares of PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock valued at $258,164,000 after acquiring an additional 650,990 shares during the period. Congress Asset Management Co. lifted its holdings in PTC by 767.8% in the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company's stock valued at $119,746,000 after purchasing an additional 586,443 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC during the third quarter worth $84,549,000. Massachusetts Financial Services Co. MA boosted its position in PTC by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company's stock worth $167,012,000 after acquiring an additional 150,652 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Berenberg Bank lowered PTC from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities restated a "buy" rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Piper Sandler increased their target price on shares of PTC from $182.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Robert W. Baird increased their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and an average price target of $207.54.

PTC Stock Performance

PTC traded down $0.11 during trading on Friday, hitting $188.96. The stock had a trading volume of 741,903 shares, compared to its average volume of 577,949. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The firm has a market capitalization of $22.74 billion, a P/E ratio of 60.76, a PEG ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The company's 50-day moving average price is $191.12 and its 200 day moving average price is $183.10.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company's stock, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction dated 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 transaction, the executive vice president now owns 21,707 shares of the company's stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by corporate insiders.

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.