PTC Inc. (NASDAQ:PTC) Stock Holdings Raised by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,794 shares of the technology company’s stock after purchasing an additional 358 shares during the period. Cetera Investment Advisers’ holdings in PTC were worth $1,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Bank Pictet & Cie Europe AG lifted its position in shares of PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after buying an additional 55 shares during the last quarter. Wahed Invest LLC raised its stake in PTC by 2.1% during the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock worth $539,000 after acquiring an additional 61 shares during the period. Allworth Financial LP lifted its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Otter Creek Advisors LLC boosted its stake in PTC by 0.4% in the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock valued at $3,527,000 after acquiring an additional 80 shares during the period. Finally, Kirtland Hills Capital Management LLC grew its holdings in shares of PTC by 3.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock valued at $542,000 after purchasing an additional 91 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PTC. KeyCorp cut their price target on PTC from $211.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Mizuho dropped their target price on PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Piper Sandler cut their target price on PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Oppenheimer reduced their price target on shares of PTC from $210.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Robert W. Baird upped their price target on shares of PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.15.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

PTC Stock Performance

Shares of PTC opened at $168.77 on Friday. The firm has a market capitalization of $20.24 billion, a PE ratio of 52.09, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $156.00 and a 200 day moving average price of $173.56. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same period last year, the company posted $1.46 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.