PTC Inc. (NASDAQ:PTC) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its stake in PTC Inc. (NASDAQ:PTC) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,655 shares of the technology company’s stock after purchasing an additional 73 shares during the period. Metis Global Partners LLC’s holdings in PTC were worth $1,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PTC. Janney Montgomery Scott LLC purchased a new stake in shares of PTC in the 1st quarter valued at $215,000. Empowered Funds LLC purchased a new position in shares of PTC in the first quarter valued at approximately $268,000. Russell Investments Group Ltd. grew its holdings in shares of PTC by 7.6% in the first quarter. Russell Investments Group Ltd. now owns 57,520 shares of the technology company’s stock valued at $10,874,000 after purchasing an additional 4,087 shares in the last quarter. Intech Investment Management LLC increased its stake in PTC by 180.8% during the 1st quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock worth $5,115,000 after buying an additional 17,430 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in PTC by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after buying an additional 205,673 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PTC. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and dropped their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Rosenblatt Securities restated a “buy” rating and set a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the stock 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.83.

PTC Trading Down 0.6 %

NASDAQ PTC opened at $190.01 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $22.83 billion, a P/E ratio of 61.10, a P/E/G ratio of 2.62 and a beta of 1.17. PTC Inc. has a 52-week low of $151.73 and a 52-week high of $199.48. The firm has a 50-day moving average price of $182.14 and a 200 day moving average price of $178.72.

PTC 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.