Tidal Investments LLC Sells 567 Shares of PTC Inc. (NASDAQ:PTC)

Tidal Investments LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,382 shares of the technology company’s stock after selling 567 shares during the period. Tidal Investments LLC’s holdings in PTC were worth $2,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its stake in shares of PTC by 48.7% during the third quarter. Sanctuary Advisors LLC now owns 4,265 shares of the technology company’s stock valued at $843,000 after buying an additional 1,397 shares during the last quarter. Toronto Dominion Bank grew its position in PTC by 46.1% in the 3rd quarter. Toronto Dominion Bank now owns 59,294 shares of the technology company’s stock valued at $10,712,000 after acquiring an additional 18,713 shares during the last quarter. TT International Asset Management LTD purchased a new stake in PTC in the third quarter worth $1,143,000. Geode Capital Management LLC lifted its position in shares of PTC by 1.3% during the third 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. Finally, Resources Management Corp CT ADV boosted its stake in shares of PTC by 78.3% during the third quarter. Resources Management Corp CT ADV now owns 1,271 shares of the technology company’s stock valued at $230,000 after purchasing an additional 558 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on PTC shares. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and reduced their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Finally, Royal Bank of Canada raised their price objective on PTC from $202.00 to $230.00 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 nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.67.

PTC Trading Down 1.3 %

PTC opened at $198.68 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 63.88, a PEG ratio of 2.70 and a beta of 1.16. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09. The stock has a fifty day moving average price of $191.05 and a 200-day moving average price of $181.21.

Insiders Place Their Bets

In other news, CAO Alice Christenson sold 1,703 shares of the firm’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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction 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 approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. 1.17% of the stock is owned by corporate insiders.

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.