Vontobel Holding Ltd. grew its holdings in PTC Inc. (NASDAQ:PTC – Free Report) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 255,656 shares of the technology company’s stock after purchasing an additional 5,485 shares during the period. Vontobel Holding Ltd.’s holdings in PTC were worth $44,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the business. Trust Point Inc. boosted its holdings in shares of PTC by 3.2% in the 4th quarter. Trust Point Inc. now owns 2,035 shares of the technology company’s stock valued at $355,000 after acquiring an additional 63 shares during the last quarter. Strategic Advisors LLC boosted its holdings in shares of PTC by 0.9% in the 4th quarter. Strategic Advisors LLC now owns 7,448 shares of the technology company’s stock valued at $1,298,000 after acquiring an additional 65 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of PTC by 23.2% in the 4th quarter. Allworth Financial LP now owns 393 shares of the technology company’s stock valued at $68,000 after acquiring an additional 74 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of PTC by 3.1% in the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of PTC by 12.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 663 shares of the technology company’s stock valued at $115,000 after acquiring an additional 75 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.
PTC Stock Performance
PTC opened at $113.68 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a fifty day moving average price of $139.68 and a 200 day moving average price of $155.09. PTC Inc. has a 1 year low of $108.50 and a 1 year high of $219.69. The stock has a market cap of $13.13 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.74 and a beta of 0.97.
Analyst Upgrades and Downgrades
PTC has been the subject of several analyst reports. Robert W. Baird set a $198.00 target price on shares of PTC in a research note on Thursday, May 7th. Weiss Ratings cut shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Berenberg Bank set a $170.00 target price on shares of PTC in a research note on Wednesday, May 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of PTC in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $176.71.
Check Out Our Latest Analysis on PTC
Insiders Place Their Bets
In other PTC news, CAO Alice Christenson sold 816 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at approximately $184,462.30. This represents a 39.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director owned 8,429 shares of the company’s stock, valued at $1,325,375.96. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.
PTC 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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