52,129 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Swedbank AB

Swedbank AB bought a new position in shares of PTC Inc. (NASDAQ:PTC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,129 shares of the technology company’s stock, valued at approximately $9,849,000.

Several other institutional investors have also recently made changes to their positions in PTC. Intech Investment Management LLC boosted its stake in PTC by 180.8% during the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock valued at $5,115,000 after buying an additional 17,430 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in PTC by 25.2% during the fourth quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company’s stock valued at $4,426,000 after buying an additional 5,100 shares during the last quarter. Portfolio Design Labs LLC bought a new position in PTC during the fourth quarter valued at approximately $4,316,000. Norges Bank bought a new position in PTC during the fourth quarter valued at approximately $114,043,000. Finally, USA Financial Formulas bought a new stake in shares of PTC in the 4th quarter valued at approximately $1,355,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total transaction of $712,800.00. Following the completion of the sale, the director now owns 52,137 shares of the company’s stock, valued at approximately $9,290,813.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Ditullio sold 6,592 shares of PTC stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,846 shares of company stock worth $2,854,951. 1.17% of the stock is currently owned by company insiders.

PTC Trading Down 2.2 %

PTC traded down $3.82 during trading on Friday, hitting $172.05. 1,301,984 shares of the stock were exchanged, compared to its average volume of 966,676. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24. The firm has a 50 day simple moving average of $177.54 and a 200 day simple moving average of $180.19. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 71.99, a P/E/G ratio of 3.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. PTC had a return on equity of 13.36% and a net margin of 13.32%. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. As a group, equities analysts expect that PTC Inc. will post 3.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PTC shares. Mizuho reaffirmed a “neutral” rating and issued a $190.00 price objective (down from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Piper Sandler raised their price objective on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research note on Thursday. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, Robert W. Baird raised their price target on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.18.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.