32,799 PTC Inc. $PTC Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its position in PTC Inc. (NASDAQ:PTC) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,467 shares of the technology company’s stock after buying an additional 32,799 shares during the period. Candriam S.C.A. owned 0.25% of PTC worth $38,930,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in shares of PTC in the 2nd quarter worth approximately $418,553,000. Amundi increased its holdings in PTC by 151.9% during the 1st quarter. Amundi now owns 1,725,555 shares of the technology company’s stock valued at $245,885,000 after purchasing an additional 1,040,656 shares in the last quarter. Legal & General Group Plc acquired a new stake in PTC during the 2nd quarter valued at $91,045,000. State Street Corp increased its holdings in PTC by 10.2% during the 2nd quarter. State Street Corp now owns 6,452,323 shares of the technology company’s stock valued at $733,048,000 after purchasing an additional 596,955 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in PTC in the 2nd quarter valued at $66,753,000. 95.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 1,750 shares of PTC stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the sale, the director directly owned 6,679 shares in the company, valued at $1,307,414.25. This trade represents a 20.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

PTC Stock Up 0.2%

NASDAQ:PTC opened at $195.07 on Friday. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.63. The stock’s fifty day moving average price is $166.98 and its two-hundred day moving average price is $148.11. PTC Inc. has a 52-week low of $108.50 and a 52-week high of $196.05.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, November 4th. The technology company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.06. The company had revenue of $673.25 million during the quarter, compared to the consensus estimate of $663.56 million. PTC had a return on equity of 20.03% and a net margin of 37.80%. The firm’s quarterly revenue was down 24.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.41 earnings per share. On average, analysts anticipate that PTC Inc. will post 7.12 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on PTC shares. Royal Bank Of Canada cut PTC from a “buy” rating to a “sector perform” rating and increased their target price for the stock from $195.00 to $306.00 in a report on Monday, October 5th. Mizuho lifted their price target on PTC from $160.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Piper Sandler reduced their price target on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Rosenblatt Securities lowered shares of PTC from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $190.00 to $205.00 in a report on Monday, October 5th. Finally, Loop Capital cut shares of PTC from a “buy” rating to a “hold” rating and raised their price objective for the company from $200.00 to $205.00 in a research report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.06.

PTC Profile

PTC Inc develops software that helps manufacturers design, build, operate and service products. Its offerings support computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management and industrial connectivity, helping companies manage product data and coordinate work across engineering and manufacturing.

PTC’s products include Creo for 3D CAD, Windchill for PLM, Codebeamer for application lifecycle management, and ThingWorx for industrial connectivity and application development.