Crossmark Global Holdings Inc. boosted its position in PTC Inc. (NASDAQ:PTC – Free Report) by 216.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,973 shares of the technology company’s stock after buying an additional 17,754 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PTC were worth $5,273,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Campbell Newman Asset Management Inc. lifted its stake in PTC by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock valued at $2,466,000 after buying an additional 49 shares in the last quarter. Diversified Trust Co increased its position in shares of PTC by 2.5% in the third quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock worth $448,000 after acquiring an additional 53 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of PTC by 37.6% during the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the period. Archford Capital Strategies LLC raised its holdings in shares of PTC by 1.4% during the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock valued at $953,000 after acquiring an additional 63 shares during the period. Finally, Aviso Financial Inc. lifted its position in shares of PTC by 4.1% in 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. Institutional investors and hedge funds own 95.14% of the company’s stock.
PTC Price Performance
PTC opened at $162.71 on Friday. The stock has a fifty day moving average price of $162.15 and a 200 day moving average price of $182.61. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The stock has a market cap of $19.36 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.69 and a beta of 1.03.
Insider Buying and Selling
In other PTC news, EVP Staats Aaron C. Von sold 6,328 shares of PTC stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares in the company, valued at $3,925,958.19. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at $2,144,512.04. This represents a 80.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 59,197 shares of company stock worth $10,260,591 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus set a $180.00 target price on PTC in a report on Thursday, February 5th. Oppenheimer decreased their target price on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. KeyCorp set a $210.00 price target on PTC in a report on Thursday, February 5th. Finally, Rosenblatt Securities dropped their price target on PTC from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $188.08.
Read Our Latest Stock Report on PTC
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.
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