Robeco Institutional Asset Management B.V. Grows Position in PTC Inc. $PTC

Robeco Institutional Asset Management B.V. raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 119.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,938 shares of the technology company’s stock after acquiring an additional 197,018 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.30% of PTC worth $73,481,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PTC. Norges Bank purchased a new stake in shares of PTC in the second quarter valued at about $155,673,000. CCLA Investment Management bought a new stake in PTC in the 2nd quarter worth about $94,629,000. Vanguard Group Inc. increased its stake in PTC by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after buying an additional 416,791 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of PTC by 31.4% during the 2nd quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock worth $266,715,000 after buying an additional 370,097 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of PTC by 27.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,480 shares of the technology company’s stock worth $235,134,000 after buying an additional 327,326 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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 transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of PTC 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 completion of the transaction, the executive vice president owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,277 shares of company stock valued at $10,624,076. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on PTC. Rosenblatt Securities decreased their price target on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. BMO Capital Markets reduced their price objective on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research cut PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Piper Sandler decreased their price objective 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.92.

PTC Stock Up 1.1%

PTC stock opened at $175.01 on Wednesday. The stock has a fifty day moving average of $177.54 and a 200-day moving average of $192.88. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43.

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

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.