Russell Investments Group Ltd. grew its position in PTC Inc. (NASDAQ:PTC - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,433 shares of the technology company's stock after purchasing an additional 4,728 shares during the quarter. Russell Investments Group Ltd.'s holdings in PTC were worth $9,353,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company's stock worth $1,965,137,000 after buying an additional 859,227 shares in the last quarter. Invesco Ltd. raised its stake in PTC by 5.8% in the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company's stock valued at $353,459,000 after purchasing an additional 137,100 shares in the last quarter. FMR LLC grew its stake in PTC by 6.0% during the third quarter. FMR LLC now owns 1,989,152 shares of the technology company's stock worth $281,823,000 after buying an additional 113,037 shares in the last quarter. Northern Trust Corp increased its holdings in PTC by 15.6% in the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company's stock valued at $177,488,000 after buying an additional 168,917 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of PTC by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,010,963 shares of the technology company's stock valued at $143,233,000 after buying an additional 109,664 shares in the last quarter. Institutional investors own 95.14% of the company's stock.
Insider Transactions at PTC
In related news, insider Catherine Kniker sold 1,330 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.17% of the company's stock.
PTC Trading Up 0.1 %
NASDAQ PTC traded up $0.16 during trading hours on Tuesday, hitting $178.38. 636,458 shares of the company's stock were exchanged, compared to its average volume of 860,353. PTC Inc. has a 1-year low of $127.89 and a 1-year high of $194.24. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $183.15 and a 200 day simple moving average of $172.08. The firm has a market cap of $21.33 billion, a price-to-earnings ratio of 74.64, a PEG ratio of 3.48 and a beta of 1.19.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of PTC from $210.00 to $216.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. KeyCorp boosted their target price on shares of PTC from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Piper Sandler boosted their price objective on PTC from $155.00 to $177.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 9th. Mizuho dropped their price objective on shares of PTC from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $202.00 target price on shares of PTC in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and an average price target of $200.64.
View Our Latest Analysis on PTC
PTC Profile
(
Free Report)
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.
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