2,444 Shares in PTC Inc. (NASDAQ:PTC) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in PTC Inc. (NASDAQ:PTC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,444 shares of the technology company’s stock, valued at approximately $451,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Allworth Financial LP increased its holdings in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Brooklyn Investment Group acquired a new position in shares of PTC in the third quarter valued at about $66,000. Blue Trust Inc. increased its holdings in shares of PTC by 473.9% in the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after purchasing an additional 654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PTC in the third quarter valued at about $152,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PTC shares. KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup cut their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Piper Sandler raised their target price on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insiders Place Their Bets

In other news, 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 value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’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 completion of the transaction, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

PTC Stock Up 0.6 %

PTC stock opened at $162.58 on Tuesday. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52 week low of $160.53 and a 52 week high of $203.09. The business’s 50-day moving average price is $182.89 and its 200 day moving average price is $183.35. 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 (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

PTC Company Profile

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.