SG Americas Securities LLC Increases Stock Position in PTC Inc. (NASDAQ:PTC)

SG Americas Securities LLC increased its stake in shares of PTC Inc. (NASDAQ:PTC) by 944.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,143 shares of the technology company’s stock after purchasing an additional 21,832 shares during the period. SG Americas Securities LLC’s holdings in PTC were worth $4,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in PTC by 5.9% in the second quarter. Sei Investments Co. now owns 42,521 shares of the technology company’s stock valued at $7,725,000 after acquiring an additional 2,379 shares during the period. ProShare Advisors LLC increased its position in PTC by 6.4% in the second quarter. ProShare Advisors LLC now owns 24,104 shares of the technology company’s stock worth $4,379,000 after buying an additional 1,452 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of PTC by 80.7% in the second quarter. Public Sector Pension Investment Board now owns 4,674 shares of the technology company’s stock worth $849,000 after buying an additional 2,087 shares during the period. Bank of Montreal Can grew its stake in shares of PTC by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 155,931 shares of the technology company’s stock valued at $28,417,000 after acquiring an additional 2,502 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in PTC by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,896 shares of the technology company’s stock worth $4,160,000 after acquiring an additional 8,636 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,242 shares of company stock worth $3,630,716. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTC. Robert W. Baird upped their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Piper Sandler increased their price target on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.54.

PTC Stock Performance

Shares of PTC stock opened at $188.96 on Friday. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09. The company has a market capitalization of $22.74 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The stock’s fifty day moving average is $191.14 and its two-hundred day moving average is $183.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

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.