Toronto Dominion Bank Has $10.71 Million Stake in PTC Inc. (NASDAQ:PTC)

Toronto Dominion Bank boosted its position in PTC Inc. (NASDAQ:PTC) by 46.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,294 shares of the technology company’s stock after purchasing an additional 18,713 shares during the period. Toronto Dominion Bank’s holdings in PTC were worth $10,712,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fernbridge Capital Management LP raised its stake in shares of PTC by 83.7% during 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. Congress Asset Management Co. lifted its holdings in PTC by 767.8% during the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of PTC in the 3rd quarter valued at about $84,549,000. Massachusetts Financial Services Co. MA increased its stake in shares of PTC by 66.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock valued at $140,577,000 after buying an additional 310,092 shares during the period. Finally, Railway Pension Investments Ltd bought a new position in shares of PTC during the second quarter worth about $24,416,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PTC

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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at $160,356. This trade represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,242 shares of company stock worth $3,630,716. 1.17% of the stock is owned by corporate insiders.

PTC Trading Down 1.3 %

NASDAQ PTC opened at $198.68 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09. The business has a 50 day moving average price of $190.66 and a 200-day moving average price of $181.07. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 63.74, a P/E/G ratio of 2.74 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PTC shares. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note 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 research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.67.

PTC 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.