International Assets Investment Management LLC raised its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 9,600.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,518 shares of the technology company’s stock after buying an additional 28,224 shares during the period. International Assets Investment Management LLC’s holdings in PTC were worth $4,990,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV lifted its stake in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the period. Cigna Investments Inc. New acquired a new position in PTC in the fourth quarter valued at about $218,000. Raymond James Trust N.A. acquired a new position in PTC in the fourth quarter valued at about $230,000. Portside Wealth Group LLC acquired a new position in PTC in the fourth quarter valued at about $247,000. Finally, HB Wealth Management LLC acquired a new position in PTC in the fourth quarter valued at about $252,000. Institutional investors and hedge funds own 95.14% of the company’s stock.
PTC Stock Down 0.0 %
Shares of PTC stock opened at $178.33 on Thursday. The business’s 50 day simple moving average is $183.03 and its 200 day simple moving average is $172.13. PTC Inc. has a 52-week low of $128.61 and a 52-week high of $194.24. The firm has a market cap of $21.35 billion, a PE ratio of 74.62, a P/E/G ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.32.
Analyst Ratings Changes
View Our Latest Research Report on PTC
Insider Activity at PTC
In other PTC news, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.17% of the stock is owned by insiders.
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.
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