Oregon Public Employees Retirement Fund Purchases 3,264 Shares of PTC Inc. $PTC

Oregon Public Employees Retirement Fund boosted its holdings in PTC Inc. (NASDAQ:PTC) by 31.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,651 shares of the technology company’s stock after purchasing an additional 3,264 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $2,771,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PTC. Campbell Newman Asset Management Inc. raised its holdings in shares of PTC by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock worth $2,466,000 after buying an additional 49 shares during the period. Diversified Trust Co boosted its position in PTC by 2.5% during the 3rd quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock valued at $448,000 after acquiring an additional 53 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in PTC by 1.4% in the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock worth $953,000 after purchasing an additional 63 shares in the last quarter. Bellecapital International Ltd. lifted its position in PTC by 4.3% during the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock valued at $276,000 after acquiring an additional 66 shares during the last quarter. Finally, Aviso Financial Inc. boosted 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 worth $291,000 after purchasing an additional 66 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of PTC opened at $171.43 on Tuesday. The stock’s 50 day moving average is $175.56 and its two-hundred day moving average is $193.00. The firm has a market capitalization of $20.39 billion, a PE ratio of 27.92, a P/E/G ratio of 2.86 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69.

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

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 6,328 shares of PTC stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the transaction, the executive vice president owned 22,461 shares of the company’s stock, valued at $3,925,958.19. The trade was a 21.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction dated 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 owned 12,386 shares in the company, valued at $2,144,512.04. This represents a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,277 shares of company stock valued at $10,624,076 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PTC. BMO Capital Markets dropped 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. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Rosenblatt Securities lowered their price objective on shares of PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Piper Sandler cut their target price on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.92.

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.