Y Intercept Hong Kong Ltd Invests $1.35 Million in PTC Inc. $PTC

Y Intercept Hong Kong Ltd 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 and Exchange Commission (SEC). The institutional investor purchased 6,663 shares of the technology company’s stock, valued at approximately $1,353,000.

Several other institutional investors have also recently bought and sold shares of PTC. Root Financial Partners LLC bought a new position in PTC in the 3rd quarter valued at $30,000. SJS Investment Consulting Inc. lifted its stake in shares of PTC by 2,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 158 shares during the period. Versant Capital Management Inc lifted its stake 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. Geneos Wealth Management Inc. boosted its holdings in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after acquiring an additional 76 shares during the last quarter. Finally, Assetmark Inc. increased its position in PTC by 339.3% in the second quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after purchasing an additional 207 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the subject of several recent research reports. Oppenheimer dropped their price objective on PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings downgraded shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of PTC in a research note on Tuesday. Citigroup lowered their target price on shares of PTC from $185.00 to $181.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Piper Sandler cut their price target on PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.77.

PTC Price Performance

PTC opened at $156.13 on Friday. The stock has a market cap of $18.57 billion, a P/E ratio of 25.43, a P/E/G ratio of 2.54 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 company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $171.68 and a 200 day simple moving average of $191.05.

PTC (NASDAQ:PTC) last posted 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. On average, research analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the company’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 value of $1,106,071.12. Following the completion of the transaction, the executive vice president owned 22,461 shares in the company, valued at $3,925,958.19. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the stock in a transaction 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,277 shares of company stock valued at $10,624,076. 0.29% of the stock is owned by company insiders.

About PTC

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.