Vontobel Holding Ltd. Increases Stock Position in PTC Inc. (NASDAQ:PTC)

Vontobel Holding Ltd. increased its holdings in PTC Inc. (NASDAQ:PTC) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,257 shares of the technology company’s stock after acquiring an additional 951 shares during the quarter. Vontobel Holding Ltd.’s holdings in PTC were worth $1,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new stake in PTC during the 2nd quarter worth approximately $25,000. Legacy Financial Group LLC purchased a new stake in shares of PTC during the third quarter worth approximately $28,000. Clear Street Markets LLC lifted its holdings in shares of PTC by 93.5% during the first quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Resources Management Corp CT ADV grew its position in 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 buying an additional 300 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in PTC by 59.9% in the 1st quarter. Belpointe Asset Management LLC now owns 363 shares of the technology company’s stock valued at $47,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

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

PTC Stock Up 0.4 %

PTC stock opened at $176.37 on Friday. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 89.53, a price-to-earnings-growth ratio of 3.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The stock’s fifty day moving average is $183.49 and its two-hundred day moving average is $168.64.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. Analysts predict that PTC Inc. will post 3.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $130.00 to $200.00 in a research note on Thursday, January 4th. Piper Sandler raised their price objective 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. Barclays increased their target price on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Robert W. Baird restated an “outperform” rating and issued a $210.00 price target on shares of PTC in a research note on Tuesday, April 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average price target of $196.73.

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.