Strengthening Families & Communities LLC Acquires 224 Shares of PTC Inc. (NASDAQ:PTC)

Strengthening Families & Communities LLC raised its holdings in PTC Inc. (NASDAQ:PTC) by 22.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,224 shares of the technology company’s stock after buying an additional 224 shares during the quarter. Strengthening Families & Communities LLC’s holdings in PTC were worth $225,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PTC. Sanctuary Advisors LLC bought a new stake in shares of PTC in the second quarter valued at about $519,000. Park Avenue Securities LLC bought a new stake in PTC in the 3rd quarter valued at $276,000. CWM LLC raised its stake in shares of PTC by 12.5% in the 3rd quarter. CWM LLC now owns 8,089 shares of the technology company’s stock valued at $1,461,000 after buying an additional 900 shares in the last quarter. Swedbank AB lifted its holdings in shares of PTC by 5.4% during the 3rd quarter. Swedbank AB now owns 61,829 shares of the technology company’s stock worth $11,170,000 after acquiring an additional 3,157 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in shares of PTC by 2.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 204,692 shares of the technology company’s stock valued at $36,980,000 after acquiring an additional 4,774 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent research reports. Royal Bank of Canada increased their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity

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 transaction, the chief accounting officer now directly owns 830 shares in the company, 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 at this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% of the company’s stock.

PTC Stock Down 0.4 %

Shares of NASDAQ:PTC opened at $168.42 on Tuesday. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09. The firm has a market cap of $20.27 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.33 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $189.31 and its two-hundred day moving average price is $183.70.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, research analysts forecast that PTC Inc. will post 4.62 EPS for the current fiscal year.

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.