PTC Inc. (NASDAQ:PTC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of PTC Inc. (NASDAQ:PTC) by 19.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,290 shares of the technology company’s stock after acquiring an additional 4,177 shares during the quarter. Intech Investment Management LLC’s holdings in PTC were worth $4,569,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PTC. Advisors Asset Management Inc. increased its position in shares of PTC by 9.8% in the third quarter. Advisors Asset Management Inc. now owns 7,335 shares of the technology company’s stock worth $1,325,000 after acquiring an additional 654 shares in the last quarter. Commerce Bank boosted its position in PTC by 6.3% during the 3rd quarter. Commerce Bank now owns 47,404 shares of the technology company’s stock worth $8,564,000 after purchasing an additional 2,792 shares during the period. Parnassus Investments LLC increased its holdings in PTC by 0.4% in the 3rd quarter. Parnassus Investments LLC now owns 99,226 shares of the technology company’s stock valued at $17,926,000 after purchasing an additional 398 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in PTC in the third quarter valued at about $1,235,000. Finally, Swiss National Bank lifted its stake in shares of PTC by 0.4% during the third quarter. Swiss National Bank now owns 355,400 shares of the technology company’s stock worth $64,207,000 after purchasing an additional 1,500 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 1,703 shares of the business’s 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 sale, the chief accounting officer now owns 830 shares in the company, valued at $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.17% of the stock is currently owned by company insiders.

PTC Stock Performance

Shares of PTC stock opened at $197.64 on Friday. 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 stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 63.55, a PEG ratio of 2.56 and a beta of 1.17. PTC Inc. has a one year low of $153.11 and a one year high of $199.48. The company’s 50-day simple moving average is $183.85 and its 200-day simple moving average is $179.15.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PTC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Berenberg Bank cut 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. Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.83.

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.