Handelsbanken Fonder AB Acquires 5,100 Shares of PTC Inc. (NASDAQ:PTC)

Handelsbanken Fonder AB grew its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,300 shares of the technology company's stock after buying an additional 5,100 shares during the period. Handelsbanken Fonder AB's holdings in PTC were worth $4,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Financial Group LLC purchased a new stake in shares of PTC in the 3rd quarter valued at $28,000. Lindbrook Capital LLC boosted its stake in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Resources Management Corp CT ADV boosted its stake in shares of PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company's stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. CWM LLC boosted its stake in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company's stock valued at $164,000 after purchasing an additional 75 shares in the last quarter. Finally, Delta Capital Management LLC purchased a new stake in shares of PTC in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

PTC has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. KeyCorp increased their price target on shares of PTC from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. BMO Capital Markets increased their price target on shares of PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Barclays increased their price target on shares of PTC from $198.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Finally, Piper Sandler increased their price target on shares of PTC from $155.00 to $177.00 and gave the company a "neutral" rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus price target of $202.40.

Insider Buying and Selling

In related news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares of the company's stock, valued at approximately $171,631,594.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company's stock, valued at $171,631,594.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Catherine Kniker sold 1,330 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock worth $6,457,478 in the last three months. 1.17% of the stock is owned by corporate insiders.

PTC Trading Up 0.6 %

NASDAQ PTC traded up $1.11 during trading on Friday, hitting $180.99. The company had a trading volume of 742,700 shares, compared to its average volume of 825,677. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company's fifty day moving average is $183.49 and its 200-day moving average is $169.77. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 91.31, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. PTC Inc. has a one year low of $120.62 and a one year high of $194.24.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The company had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. On average, sell-side analysts predict that PTC Inc. will post 3.47 earnings per share for the current 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.