Alliance Wealth Advisors LLC UT Has $1.30 Million Holdings in PTC Inc. (NASDAQ:PTC)

Alliance Wealth Advisors LLC UT boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,056 shares of the technology company’s stock after purchasing an additional 237 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in PTC were worth $1,297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after buying an additional 133,370 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of PTC by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock valued at $533,341,000 after purchasing an additional 37,645 shares in the last quarter. Fernbridge Capital Management LP increased its stake in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after buying an additional 30,525 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,242 shares of company stock worth $3,630,716. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird boosted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.30.

PTC Stock Down 1.9 %

Shares of NASDAQ PTC opened at $189.88 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $191.05 and its 200 day moving average is $183.48. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 61.05, a PEG ratio of 2.62 and a beta of 1.19. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09.

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.