PTC Inc. (NASDAQ:PTC) Shares Bought by Swedbank AB

Swedbank AB boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,829 shares of the technology company’s stock after purchasing an additional 3,157 shares during the period. Swedbank AB owned approximately 0.05% of PTC worth $11,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PTC. Cerity Partners LLC lifted its stake in PTC by 51.3% during the third quarter. Cerity Partners LLC now owns 5,768 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 1,955 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of PTC by 408.8% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the technology company’s stock valued at $551,000 after purchasing an additional 2,449 shares in the last quarter. Citigroup Inc. lifted its stake 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 period. Otter Creek Advisors LLC grew its holdings in PTC by 36.6% during the third quarter. Otter Creek Advisors LLC now owns 19,101 shares of the technology company’s stock worth $3,451,000 after acquiring an additional 5,122 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of PTC during the 3rd quarter valued at $669,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

PTC stock opened at $199.26 on Wednesday. The stock has a 50-day moving average price of $185.37 and a two-hundred day moving average price of $179.58. PTC Inc. has a 12 month low of $153.44 and a 12 month high of $201.66. The company has a market capitalization of $23.94 billion, a PE ratio of 64.07, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

PTC has been the subject of a number of research reports. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective 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, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.83.

Insider Activity at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. The trade was a 67.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.17% of the stock is owned by company 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.