29,170 Shares in PTC Inc. (NASDAQ:PTC) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in PTC Inc. (NASDAQ:PTC – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,170 shares of the technology company’s stock, valued at approximately $3,502,000.

Other large investors have also modified their holdings of the company. Machina Capital S.A.S. purchased a new position in shares of PTC during the 4th quarter valued at approximately $528,000. FORA Capital LLC purchased a new stake in shares of PTC during the fourth quarter worth about $230,000. Belpointe Asset Management LLC purchased a new stake in shares of PTC during the fourth quarter worth about $27,000. UBS Group AG increased its stake in shares of PTC by 81.5% during the fourth quarter. UBS Group AG now owns 82,138 shares of the technology company’s stock worth $9,860,000 after purchasing an additional 36,875 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in PTC in the 4th quarter worth about $331,000. Institutional investors and hedge funds own 86.79% of the company’s stock.

Insider Transactions at PTC

In related news, Director Blake D. Moret sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $130.42, for a total transaction of $5,216,800.00. Following the completion of the transaction, the director now directly owns 6,574,334 shares in the company, valued at approximately $857,424,640.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PTC news, Director Blake D. Moret sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $130.42, for a total value of $5,216,800.00. Following the completion of the transaction, the director now owns 6,574,334 shares of the company’s stock, valued at approximately $857,424,640.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blake D. Moret sold 8,000 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $132.23, for a total value of $1,057,840.00. Following the completion of the sale, the director now owns 7,590,644 shares in the company, valued at $1,003,710,856.12. The disclosure for this sale can be found here. Insiders sold a total of 558,744 shares of company stock worth $70,709,940 over the last ninety days. Company insiders own 8.26% of the company’s stock.

PTC Price Performance

Shares of PTC opened at $130.10 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $15.40 billion, a PE ratio of 48.91, a P/E/G ratio of 2.82 and a beta of 1.19. The firm has a 50-day simple moving average of $124.65 and a two-hundred day simple moving average of $125.87. PTC Inc. has a 1-year low of $97.97 and a 1-year high of $139.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on PTC from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. JPMorgan Chase & Co. upped their target price on shares of PTC from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Mizuho upped their target price on shares of PTC from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Citigroup lowered their price target on shares of PTC from $147.00 to $140.00 in a research report on Monday, April 24th. Finally, KeyCorp raised their target price on shares of PTC from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.09.

PTC Profile

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PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.