PTC Inc. (NASDAQ:PTC) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 46.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,294 shares of the technology company's stock after acquiring an additional 18,713 shares during the period. Toronto Dominion Bank's holdings in PTC were worth $10,712,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its holdings in PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company's stock valued at $2,559,000 after purchasing an additional 5,717 shares during the last quarter. Mirabella Financial Services LLP increased its stake in PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company's stock worth $3,640,000 after purchasing an additional 17,465 shares during the period. D1 Capital Partners L.P. acquired a new stake in PTC during the 3rd quarter worth approximately $84,549,000. Citigroup Inc. boosted its holdings in PTC by 28.4% in the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company's stock valued at $26,971,000 after purchasing an additional 32,984 shares during the period. Finally, Swedbank AB grew its position in shares of PTC by 12.6% during the second quarter. Swedbank AB now owns 58,672 shares of the technology company's stock worth $10,659,000 after buying an additional 6,543 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PTC has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Rosenblatt Securities reissued a "buy" rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank lowered PTC from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Piper Sandler upped their target price on PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, PTC has a consensus rating of "Moderate Buy" and a consensus price target of $205.67.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares of the company's stock, valued at approximately $160,356. The trade was a 67.23 % 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. Company insiders own 1.17% of the company's stock.

PTC Stock Performance

NASDAQ:PTC traded down $2.62 during midday trading on Friday, reaching $198.68. The stock had a trading volume of 593,390 shares, compared to its average volume of 799,304. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock has a market cap of $23.87 billion, a P/E ratio of 63.88, a P/E/G ratio of 2.74 and a beta of 1.16. The firm has a fifty day simple moving average of $191.05 and a two-hundred day simple moving average of $181.17. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09.

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.