Vontobel Holding Ltd. Increases Stock Holdings in PTC Inc. (NASDAQ:PTC)

Vontobel Holding Ltd. boosted its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,019 shares of the technology company's stock after purchasing an additional 26,327 shares during the period. Vontobel Holding Ltd. owned approximately 0.19% of PTC worth $42,477,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd grew its position in PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company's stock worth $35,000 after purchasing an additional 80 shares during the last quarter. Brooklyn Investment Group purchased a new stake in PTC during the 3rd quarter worth approximately $66,000. Blue Trust Inc. grew its position in PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company's stock worth $144,000 after purchasing an additional 654 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC during the 3rd quarter worth approximately $152,000. Finally, Signaturefd LLC grew its position in PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company's stock worth $162,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 860 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 21,707 shares of the company's stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup dropped their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on shares of PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted 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. Finally, Royal Bank of Canada lifted their price objective on shares of PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and an average price target of $210.09.

PTC Stock Performance

Shares of PTC traded down $0.31 during trading hours on Tuesday, hitting $170.79. The stock had a trading volume of 1,245,443 shares, compared to its average volume of 1,131,089. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. The firm has a 50-day moving average price of $185.53 and a 200 day moving average price of $183.41. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 2.33 and a beta of 1.19.

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

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.