PTC Inc. $PTC Position Trimmed by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its holdings in PTC Inc. (NASDAQ:PTC) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,282 shares of the technology company’s stock after selling 3,383 shares during the period. Stanley Laman Group Ltd.’s holdings in PTC were worth $4,118,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Diversified Trust Co grew its position in PTC by 2.5% during the third quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock valued at $448,000 after purchasing an additional 53 shares in the last quarter. Archford Capital Strategies LLC lifted its position in PTC by 1.4% in the 3rd quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock worth $953,000 after buying an additional 63 shares in the last quarter. Bellecapital International Ltd. boosted its stake in shares of PTC by 4.3% during the 2nd quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock valued at $276,000 after buying an additional 66 shares during the period. Aviso Financial Inc. grew its holdings in shares of PTC by 4.1% during the 2nd quarter. Aviso Financial Inc. now owns 1,691 shares of the technology company’s stock valued at $291,000 after acquiring an additional 66 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after acquiring an additional 73 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PTC has been the subject of several recent research reports. Piper Sandler cut their price objective on PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Rosenblatt Securities cut their price target on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Robert W. Baird set a $255.00 price target on PTC in a report on Wednesday, October 22nd. Finally, BMO Capital Markets lowered their price target on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Twelve 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, PTC presently has an average rating of “Moderate Buy” and an average target price of $205.92.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 6,328 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares in the company, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 61,277 shares of company stock worth $10,624,076. Corporate insiders own 0.29% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $170.10 on Monday. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The business has a 50-day moving average of $178.69 and a two-hundred day moving average of $192.78. The stock has a market capitalization of $20.23 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%.The business had revenue of $1.76 billion for the quarter. On average, equities research analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal 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.