PTC Inc. (NASDAQ:PTC) Shares Acquired by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC increased its position in PTC Inc. (NASDAQ:PTC) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,948 shares of the technology company’s stock after acquiring an additional 91 shares during the period. Kirtland Hills Capital Management LLC’s holdings in PTC were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Covestor Ltd grew its holdings in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 80 shares during the period. Allworth Financial LP lifted its stake in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Brooklyn Investment Group purchased a new stake in PTC in the 3rd quarter valued at approximately $66,000. Sentry Investment Management LLC purchased a new stake in PTC in the 4th quarter valued at approximately $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC in the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Up 0.1 %

Shares of PTC opened at $162.72 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.58 billion, a P/E ratio of 50.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The stock’s fifty day simple moving average is $181.46 and its 200 day simple moving average is $183.22. PTC Inc. has a twelve month low of $160.53 and a twelve month high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler increased their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $210.09.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

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.