PTC Inc. (NASDAQ:PTC) Shares Sold by Barclays PLC

Barclays PLC decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 16.4% during the third quarter, HoldingsChannel reports. The firm owned 255,187 shares of the technology company’s stock after selling 50,149 shares during the quarter. Barclays PLC’s holdings in PTC were worth $46,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its position in shares of PTC by 23.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,379 shares of the technology company’s stock valued at $251,000 after buying an additional 259 shares in the last quarter. Diversified Trust Co lifted its holdings in PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after purchasing an additional 62 shares in the last quarter. Swedbank AB grew its position in shares of PTC by 12.6% in the second quarter. Swedbank AB now owns 58,672 shares of the technology company’s stock valued at $10,659,000 after purchasing an additional 6,543 shares during the period. Blue Trust Inc. increased its stake in shares of PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after purchasing an additional 122 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of PTC during the 2nd quarter worth about $31,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 0.3 %

PTC stock opened at $201.30 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $190.66 and a 200 day moving average price of $181.07. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a market capitalization of $24.18 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 2.74 and a beta of 1.16.

Insider Activity

In other news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now owns 6,843 shares in the company, valued at $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock valued at $3,630,716. 1.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PTC shares. JPMorgan Chase & Co. boosted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Piper Sandler raised their price objective on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and dropped their price objective for the company from $210.00 to $196.00 in a research note on Friday, November 1st. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada upped their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average target price of $205.67.

About PTC

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.