First Trust Direct Indexing L.P. Buys 81 Shares of PTC Inc. (NASDAQ:PTC)

First Trust Direct Indexing L.P. increased its stake in shares of PTC Inc. (NASDAQ:PTC) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,797 shares of the technology company’s stock after buying an additional 81 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in PTC were worth $314,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PTC. Vanguard Group Inc. grew its holdings in shares of PTC by 6.6% in the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after acquiring an additional 859,227 shares in the last quarter. Barclays PLC grew its stake in PTC by 67.0% in the 3rd quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock valued at $97,975,000 after purchasing an additional 277,358 shares during the period. Jennison Associates LLC purchased a new stake in shares of PTC during the 3rd quarter valued at $39,054,000. Assenagon Asset Management S.A. raised its stake in shares of PTC by 1,675.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company’s stock worth $34,559,000 after purchasing an additional 230,179 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of PTC by 15.6% in the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after buying an additional 168,917 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $178.38 on Wednesday. PTC Inc. has a 52-week low of $127.89 and a 52-week high of $194.24. The stock has a fifty day moving average of $183.15 and a 200 day moving average of $172.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of 74.64, a P/E/G ratio of 3.48 and a beta of 1.19.

Insider Buying and Selling at PTC

In other news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Robert W. Baird lifted their price target on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Barclays increased their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Mizuho lowered their target price on PTC from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Piper Sandler increased their price target on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.64.

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.