PTC Inc. (NASDAQ:PTC) Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,941 shares of the technology company's stock after buying an additional 1,989 shares during the quarter. Tributary Capital Management LLC's holdings in PTC were worth $1,276,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in PTC by 8.5% during the 4th quarter. Fifth Third Bancorp now owns 2,861 shares of the technology company's stock worth $526,000 after acquiring an additional 223 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of PTC by 944.7% during the fourth quarter. SG Americas Securities LLC now owns 24,143 shares of the technology company's stock worth $4,439,000 after purchasing an additional 21,832 shares in the last quarter. Advisory Alpha LLC purchased a new position in PTC in the fourth quarter valued at $253,000. Nisa Investment Advisors LLC raised its stake in PTC by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 24,972 shares of the technology company's stock valued at $4,592,000 after buying an additional 285 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in PTC by 8.2% during the 4th quarter. Simon Quick Advisors LLC now owns 1,494 shares of the technology company's stock worth $275,000 after buying an additional 113 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. 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 the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is owned by company insiders.

PTC Price Performance

NASDAQ:PTC traded down $0.11 during trading hours on Friday, hitting $188.96. The company's stock had a trading volume of 741,903 shares, compared to its average volume of 577,949. The company has a market capitalization of $22.74 billion, a PE ratio of 60.76, a PEG ratio of 2.55 and a beta of 1.18. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09. The business's 50-day moving average is $191.12 and its two-hundred day moving average is $183.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased 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. Stifel Nicolaus upped their price objective on shares of PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Finally, Berenberg Bank lowered PTC from a "buy" rating to a "hold" rating and cut their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.54.

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.