abrdn plc Has $4.17 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

abrdn plc grew its position in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,014 shares of the technology company’s stock after acquiring an additional 2,618 shares during the quarter. abrdn plc’s holdings in PTC were worth $4,171,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in PTC during the 2nd quarter worth approximately $41,000. Cyrus J. Lawrence LLC acquired a new position in PTC during the 1st quarter worth approximately $43,000. Larson Financial Group LLC bought a new stake in shares of PTC during the 2nd quarter worth approximately $43,000. Brown Brothers Harriman & Co. bought a new stake in shares of PTC during the 1st quarter worth approximately $50,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of PTC during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 94.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PTC. Robert W. Baird dropped their price objective on PTC from $153.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, October 24th. Mizuho dropped their price objective on PTC from $135.00 to $120.00 in a research note on Monday, October 17th. Wolfe Research began coverage on PTC in a research note on Tuesday, August 16th. They set an “outperform” rating and a $155.00 price objective on the stock. Royal Bank of Canada upped their price objective on PTC from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. assumed coverage on PTC in a research note on Friday, September 16th. They set a “neutral” rating and a $128.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.22.

Insiders Place Their Bets

In other PTC news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $124.56, for a total transaction of $996,480.00. Following the transaction, the director now owns 9,638,330 shares in the company, valued at approximately $1,200,550,384.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other PTC news, Director Blake D. Moret sold 8,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $124.56, for a total transaction of $996,480.00. Following the transaction, the director now owns 9,638,330 shares in the company, valued at approximately $1,200,550,384.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Blake D. Moret sold 100,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $118.84, for a total value of $11,884,000.00. Following the transaction, the director now owns 9,191,050 shares in the company, valued at approximately $1,092,264,382. The disclosure for this sale can be found here. Insiders have sold 140,613 shares of company stock worth $16,877,184 in the last 90 days. Company insiders own 10.15% of the company’s stock.

PTC Stock Up 0.9 %

PTC opened at $124.24 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. The stock has a market cap of $14.59 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16. The stock’s fifty day simple moving average is $112.70 and its 200 day simple moving average is $112.08. PTC Inc. has a 1-year low of $96.55 and a 1-year high of $127.64.

About PTC

(Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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