Sentry Investment Management LLC Acquires Shares of 459 PTC Inc. (NASDAQ:PTC)

Sentry Investment Management LLC bought a new position in PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 459 shares of the technology company’s stock, valued at approximately $84,000.

A number of other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of PTC by 8.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 493 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in PTC by 786.5% in the third quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock worth $261,000 after purchasing an additional 1,282 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in PTC by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,438 shares of the technology company’s stock valued at $1,537,000 after purchasing an additional 2,216 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of PTC by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 24,687 shares of the technology company’s stock worth $4,460,000 after purchasing an additional 100 shares during the period. Finally, abrdn plc lifted its position in shares of PTC by 14.7% in the 3rd quarter. abrdn plc now owns 119,042 shares of the technology company’s stock worth $21,559,000 after buying an additional 15,239 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction that occurred on 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 directly owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PTC shares. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird raised their price target on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada increased their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Price Performance

Shares of NASDAQ PTC opened at $162.75 on Friday. The firm’s 50-day simple moving average is $180.45 and its 200 day simple moving average is $182.94. The stock has a market cap of $19.58 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a fifty-two week low of $160.53 and a fifty-two week high of $203.09.

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

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.