Livforsakringsbolaget Skandia Omsesidigt Acquires 6,500 Shares of PTC Inc. (NASDAQ:PTC)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 26.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 31,200 shares of the technology company’s stock after acquiring an additional 6,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PTC were worth $5,637,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock valued at $2,596,209,000 after acquiring an additional 205,673 shares during the period. Wellington Management Group LLP increased its position in shares of PTC by 1,409.3% during the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in PTC by 4.4% during the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after purchasing an additional 48,553 shares during the last quarter. Twin Focus Capital Partners LLC acquired a new position in PTC in the fourth quarter valued at about $177,081,000. Finally, Liontrust Investment Partners LLP grew its stake in PTC by 1.0% during the second quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock worth $182,383,000 after buying an additional 10,338 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In related news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the transaction, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at $2,363,340. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,000 shares of company stock worth $1,714,010. Corporate insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PTC. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Piper Sandler boosted their price objective on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $200.18.

PTC Price Performance

Shares of PTC stock opened at $181.00 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The firm has a fifty day moving average of $174.64 and a 200-day moving average of $177.90. The firm has a market capitalization of $21.67 billion, a price-to-earnings ratio of 75.73, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. PTC had a return on equity of 13.36% and a net margin of 13.32%. The business had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. On average, equities research analysts forecast that PTC Inc. will post 3.51 earnings per share for the current year.

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.