Lindbrook Capital LLC Acquires 91 Shares of PTC Inc. (NASDAQ:PTC)

Lindbrook Capital LLC boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 108.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175 shares of the technology company’s stock after buying an additional 91 shares during the period. Lindbrook Capital LLC’s holdings in PTC were worth $31,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. abrdn plc raised its position in PTC by 29.8% during the fourth quarter. abrdn plc now owns 112,359 shares of the technology company’s stock valued at $19,658,000 after purchasing an additional 25,817 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in PTC during the fourth quarter valued at about $241,000. AIA Group Ltd raised its position in PTC by 3.8% during the fourth quarter. AIA Group Ltd now owns 3,899 shares of the technology company’s stock valued at $682,000 after purchasing an additional 141 shares in the last quarter. Daiwa Securities Group Inc. raised its position in PTC by 74.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 27,770 shares of the technology company’s stock valued at $4,859,000 after purchasing an additional 11,835 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in PTC by 20.1% during the fourth quarter. Avior Wealth Management LLC now owns 3,461 shares of the technology company’s stock valued at $606,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Piper Sandler lifted their price objective on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. BMO Capital Markets lifted their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Mizuho lifted their price objective on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.40.

PTC Stock Performance

PTC stock opened at $180.99 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $21.64 billion, a P/E ratio of 91.87, a PEG ratio of 3.21 and a beta of 1.17. The stock’s 50 day moving average is $183.55 and its 200 day moving average is $170.05. PTC Inc. has a twelve month low of $120.62 and a twelve month high of $194.24.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The company had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. On average, equities research analysts predict that PTC Inc. will post 3.47 earnings per share for the current fiscal year.

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.