Blue Trust Inc. Has $584,000 Holdings in PTC Inc. (NASDAQ:PTC)

Blue Trust Inc. boosted its position in PTC Inc. (NASDAQ:PTC) by 300.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,175 shares of the technology company’s stock after acquiring an additional 2,383 shares during the quarter. Blue Trust Inc.’s holdings in PTC were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTC. US Bancorp DE boosted its holdings in PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after purchasing an additional 5,717 shares during the period. Mirabella Financial Services LLP boosted its holdings in PTC by 542.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after purchasing an additional 17,465 shares during the period. D1 Capital Partners L.P. bought a new stake in PTC in the 3rd quarter valued at $84,549,000. Citigroup Inc. boosted its holdings in PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after purchasing an additional 32,984 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction that occurred 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % 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. 0.32% of the stock is currently owned by corporate insiders.

PTC Trading Up 1.9 %

Shares of PTC stock opened at $171.10 on Monday. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The company has a market capitalization of $20.59 billion, a P/E ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19. The firm has a 50-day moving average price of $186.10 and a 200 day moving average price of $183.44. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Research analysts forecast that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Thursday. Piper Sandler raised their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised 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. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

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.