Oregon Public Employees Retirement Fund Boosts Stock Position in PTC Inc. (NASDAQ:PTC)

Oregon Public Employees Retirement Fund increased its stake in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,101 shares of the technology company’s stock after purchasing an additional 130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its stake in PTC by 84.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,009 shares of the technology company’s stock worth $419,000 after buying an additional 1,836 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in PTC in the 3rd quarter worth about $6,035,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in PTC by 8.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 114,503 shares of the technology company’s stock worth $11,977,000 after buying an additional 8,500 shares during the last quarter. SG Americas Securities LLC boosted its stake in PTC by 45.2% in the 3rd quarter. SG Americas Securities LLC now owns 3,551 shares of the technology company’s stock worth $371,000 after buying an additional 1,105 shares during the last quarter. Finally, Czech National Bank acquired a new stake in PTC in the 3rd quarter worth about $1,285,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $133.62 on Wednesday. PTC Inc. has a twelve month low of $96.55 and a twelve month high of $135.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 50.42, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17. The business has a 50 day simple moving average of $124.69 and a 200-day simple moving average of $118.49.

PTC (NASDAQ:PTCGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. PTC had a return on equity of 18.58% and a net margin of 16.19%. The business had revenue of $507.93 million during the quarter, compared to the consensus estimate of $498.19 million. As a group, equities research analysts expect that PTC Inc. will post 3.33 earnings per share for the current year.

Insider Activity at PTC

In related news, insider Catherine Kniker sold 2,611 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total transaction of $340,526.62. Following the completion of the transaction, the insider now owns 10,472 shares in the company, valued at approximately $1,365,758.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Catherine Kniker sold 2,611 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total transaction of $340,526.62. Following the completion of the transaction, the insider now owns 10,472 shares in the company, valued at approximately $1,365,758.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Blake D. Moret sold 7,281 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $123.68, for a total value of $900,514.08. Following the transaction, the director now owns 7,705,717 shares of the company’s stock, valued at approximately $953,043,078.56. The disclosure for this sale can be found here. Insiders sold 483,788 shares of company stock worth $59,367,463 in the last 90 days. 8.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PTC has been the topic of several research analyst reports. Citigroup lifted their price objective on PTC to $135.00 in a research note on Tuesday, November 15th. Berenberg Bank initiated coverage on PTC in a research note on Wednesday, January 11th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays reduced their price objective on PTC from $148.00 to $144.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 11th. Robert W. Baird lifted their price objective on PTC to $150.00 in a research note on Wednesday, December 14th. Finally, Royal Bank of Canada raised their target price on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.89.

PTC Company Profile

(Get Rating)

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.

See Also

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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