PTC Inc. (NASDAQ:PTC) Stock Position Lifted by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in PTC Inc. (NASDAQ:PTC – Get Rating) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,418 shares of the technology company’s stock after purchasing an additional 26,762 shares during the quarter. First Trust Advisors LP owned 0.14% of PTC worth $19,618,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PTC. Barclays PLC lifted its holdings in shares of PTC by 24.5% during the third quarter. Barclays PLC now owns 162,955 shares of the technology company’s stock valued at $17,044,000 after purchasing an additional 32,060 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of PTC during the fourth quarter valued at $239,000. WINTON GROUP Ltd lifted its stake in PTC by 101.1% in the 3rd quarter. WINTON GROUP Ltd now owns 9,124 shares of the technology company’s stock worth $954,000 after acquiring an additional 4,587 shares in the last quarter. Flputnam Investment Management Co. purchased a new stake in PTC in the 4th quarter worth about $1,004,000. Finally, Yousif Capital Management LLC lifted its stake in PTC by 51.9% in the 4th quarter. Yousif Capital Management LLC now owns 22,411 shares of the technology company’s stock worth $2,690,000 after acquiring an additional 7,659 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

Insiders Place Their Bets

In other PTC news, COO Michael Ditullio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $122.79, for a total transaction of $245,580.00. Following the completion of the transaction, the chief operating officer now owns 61,250 shares of the company’s stock, valued at $7,520,887.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Blake D. Moret sold 20,000 shares of PTC stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $122.43, for a total transaction of $2,448,600.00. Following the transaction, the director now owns 7,245,696 shares in the company, valued at approximately $887,090,561.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Ditullio sold 2,000 shares of PTC stock in a transaction on Friday, April 28th. The shares were sold at an average price of $122.79, for a total transaction of $245,580.00. Following the transaction, the chief operating officer now owns 61,250 shares in the company, valued at approximately $7,520,887.50. The disclosure for this sale can be found here. Insiders sold 573,969 shares of company stock worth $72,667,315 over the last three months. Company insiders own 8.26% of the company’s stock.

PTC Stock Up 0.3 %

Shares of NASDAQ:PTC opened at $134.21 on Monday. The stock’s 50-day moving average price is $125.69 and its 200-day moving average price is $126.42. PTC Inc. has a 12-month low of $97.97 and a 12-month high of $139.91. The stock has a market capitalization of $15.88 billion, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

PTC has been the subject of several research analyst reports. Mizuho increased their price objective on PTC from $165.00 to $170.00 in a research note on Wednesday, May 17th. Citigroup decreased their price objective on PTC from $147.00 to $140.00 in a report on Monday, April 24th. JPMorgan Chase & Co. lifted their price objective on PTC from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Robert W. Baird raised their target price on PTC from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Finally, StockNews.com started coverage on PTC in a research report on Thursday. They set a “hold” rating for the company. Four 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.55.

About PTC

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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.