Baldwin Wealth Partners LLC MA Buys Shares of 67,654 PTC Inc. $PTC

Baldwin Wealth Partners LLC MA purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 67,654 shares of the technology company’s stock, valued at approximately $13,735,000. Baldwin Wealth Partners LLC MA owned 0.06% of PTC at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in PTC in the 2nd quarter worth approximately $155,673,000. CCLA Investment Management bought a new position in shares of PTC in the second quarter valued at approximately $94,629,000. Vanguard Group Inc. lifted its stake in shares of PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after buying an additional 416,791 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of PTC by 31.4% in the second quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock worth $266,715,000 after buying an additional 370,097 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in PTC by 27.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock valued at $235,134,000 after buying an additional 327,326 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PTC has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of PTC in a research note on Monday, December 15th. Robert W. Baird set a $255.00 price objective on PTC in a research report on Wednesday, October 22nd. BMO Capital Markets lowered their target price on PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Rosenblatt Securities dropped their price target on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $205.92.

Insider Transactions at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president directly owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. This represents a 80.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the transaction, the executive vice president owned 22,461 shares of the company’s stock, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,277 shares of company stock valued at $10,624,076. Corporate insiders own 0.32% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $178.17 on Monday. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $184.31 and its 200-day moving average is $192.38. The firm has a market capitalization of $21.28 billion, a PE ratio of 29.02, a PEG ratio of 2.76 and a beta of 1.03.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. The company had revenue of $1.76 billion during the quarter. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.