Leeward Investments LLC MA Has $12.09 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Leeward Investments LLC MA lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 19.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,897 shares of the technology company’s stock after selling 15,754 shares during the quarter. Leeward Investments LLC MA owned approximately 0.06% of PTC worth $12,086,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of PTC by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after buying an additional 61 shares in the last quarter. Diversified Trust Co increased its position in PTC by 2.9% in the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after acquiring an additional 62 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after purchasing an additional 66 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of PTC by 9.3% during the third quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after purchasing an additional 76 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now owns 44,137 shares in the company, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and cut their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird boosted their price objective on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Piper Sandler raised their target price on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.67.

PTC Stock Up 4.2 %

Shares of NASDAQ:PTC opened at $198.04 on Thursday. The company has a market capitalization of $23.79 billion, a PE ratio of 80.83, a PEG ratio of 2.74 and a beta of 1.17. PTC Inc. has a 52 week low of $147.95 and a 52 week high of $199.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50 day moving average price of $179.50 and a two-hundred day moving average price of $178.13.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. PTC had a net margin of 13.32% and a return on equity of 13.36%. The firm had revenue of $626.55 million for the quarter, compared to the consensus estimate of $620.49 million. 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.