1,106 Shares in PTC Inc. (NASDAQ:PTC) Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,106 shares of the technology company’s stock, valued at approximately $203,000.

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

PTC Price Performance

NASDAQ PTC opened at $162.75 on Friday. The company has a market cap of $19.58 billion, a PE ratio of 50.23, a P/E/G 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 company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The firm’s 50 day moving average price is $180.45 and its 200-day moving average price is $182.94.

PTC (NASDAQ:PTC) last announced 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 net margin of 16.95% and a return on equity of 14.49%. Sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’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 completion of the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird lifted their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.09.

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.