PTC Inc. $PTC Stake Lifted by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of PTC Inc. (NASDAQ:PTC) by 55.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,997 shares of the technology company’s stock after acquiring an additional 18,198 shares during the quarter. SG Americas Securities LLC’s holdings in PTC were worth $10,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PTC. SJS Investment Consulting Inc. boosted its stake in PTC by 2,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after purchasing an additional 158 shares in the last quarter. Assetmark Inc. raised its stake in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after buying an additional 207 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new position in PTC during the second quarter valued at about $53,000. Finally, MUFG Securities EMEA plc bought a new position in PTC during the second quarter valued at about $61,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Price Performance

PTC stock opened at $171.52 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The firm has a market capitalization of $20.40 billion, a PE ratio of 27.93, a P/E/G ratio of 2.89 and a beta of 1.01. The firm has a 50-day moving average of $176.06 and a two-hundred day moving average of $192.65.

PTC (NASDAQ:PTC) last released its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. The business had revenue of $1.76 billion for the quarter. On average, analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the sale, the executive vice president owned 22,461 shares of the company’s stock, valued at $3,925,958.19. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kristian Talvitie sold 50,291 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 61,277 shares of company stock worth $10,624,076. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PTC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of PTC in a research report on Monday, December 29th. BMO Capital Markets lowered their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Rosenblatt Securities dropped their target price on shares of PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Piper Sandler reduced their target price on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average target price of $205.92.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.