LGT Group Foundation Grows Stock Holdings in PTC Inc. (NASDAQ:PTC)

LGT Group Foundation raised its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,478 shares of the technology company's stock after buying an additional 6,733 shares during the period. LGT Group Foundation's holdings in PTC were worth $5,186,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC grew its stake in shares of PTC by 9.0% in the third quarter. Chevy Chase Trust Holdings LLC now owns 66,798 shares of the technology company's stock worth $9,464,000 after purchasing an additional 5,521 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of PTC by 23.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the technology company's stock worth $881,000 after purchasing an additional 1,167 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of PTC by 2.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 41,765 shares of the technology company's stock worth $5,917,000 after purchasing an additional 1,112 shares during the last quarter. Xponance Inc. grew its stake in shares of PTC by 9.7% in the third quarter. Xponance Inc. now owns 21,765 shares of the technology company's stock worth $3,084,000 after purchasing an additional 1,928 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new stake in shares of PTC in the third quarter worth about $28,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Up 3.0 %

Shares of PTC stock traded up $5.17 during trading hours on Friday, hitting $175.77. 1,491,232 shares of the company's stock traded hands, compared to its average volume of 864,493. The stock's fifty day simple moving average is $183.30 and its two-hundred day simple moving average is $171.18. PTC Inc. has a 12-month low of $124.42 and a 12-month high of $194.24. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 3.12 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. PTC had a net margin of 12.84% and a return on equity of 14.08%. The firm had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. On average, analysts expect that PTC Inc. will post 3.47 EPS for the current year.

Insider Buying and Selling

In related news, CEO James E. Heppelmann sold 35,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO James E. Heppelmann sold 35,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of PTC 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 completion of the sale, the insider now directly owns 13,864 shares of the company's stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PTC shares. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a research note on Saturday, April 27th. Rosenblatt Securities reissued a "buy" rating and issued a $195.00 target price on shares of PTC in a research note on Friday, April 12th. Piper Sandler raised their price objective on shares of PTC from $155.00 to $177.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. upgraded shares of PTC from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Finally, Citigroup lowered their price objective on shares of PTC from $195.00 to $187.00 and set a "neutral" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $200.64.

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.