Strs Ohio Buys 38,728 Shares of PTC Inc. $PTC

Strs Ohio raised its stake in PTC Inc. (NASDAQ:PTC) by 148.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,851 shares of the technology company’s stock after buying an additional 38,728 shares during the period. Strs Ohio owned about 0.05% of PTC worth $13,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of PTC in the third quarter valued at approximately $30,000. SJS Investment Consulting Inc. increased its holdings in PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after purchasing an additional 158 shares during the period. Versant Capital Management Inc raised its position in PTC by 37.6% during the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after purchasing an additional 53 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after buying an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PTC. Rosenblatt Securities decreased their price objective on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Robert W. Baird set a $255.00 target price on shares of PTC in a research report on Wednesday, October 22nd. Weiss Ratings cut shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research downgraded shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Piper Sandler cut their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.92.

PTC Stock Performance

Shares of PTC opened at $162.14 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $19.28 billion, a PE ratio of 26.41, a P/E/G ratio of 2.70 and a beta of 1.01. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The stock has a fifty day moving average price of $172.87 and a 200-day moving average price of $192.17.

PTC (NASDAQ:PTC) last announced its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%.The firm had revenue of $1.76 billion for the quarter. Equities research analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 6,328 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kristian Talvitie sold 50,291 shares of the company’s stock in a transaction that occurred 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 61,277 shares of company stock worth $10,624,076. Corporate insiders own 0.29% of the company’s stock.

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.