Advisory Alpha LLC Invests $253,000 in PTC Inc. (NASDAQ:PTC)

Advisory Alpha LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,377 shares of the technology company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of PTC by 2.7% during the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PTC by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after purchasing an additional 37,645 shares during the last quarter. Fernbridge Capital Management LP lifted its holdings in PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after acquiring an additional 650,990 shares during the last quarter. Franklin Resources Inc. lifted its holdings in PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after acquiring an additional 30,525 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after acquiring an additional 150,652 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PTC. Stifel Nicolaus upped their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their target price on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and cut their target price for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.54.

PTC Stock Up 0.6 %

PTC stock opened at $189.07 on Friday. The firm has a market cap of $22.76 billion, a PE ratio of 60.79, a P/E/G ratio of 2.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50 day moving average price is $191.18 and its two-hundred day moving average price is $183.04. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09.

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.