Avior Wealth Management LLC Has $538,000 Holdings in PTC Inc. (NASDAQ:PTC)

Avior Wealth Management LLC decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,925 shares of the technology company’s stock after selling 179 shares during the period. Avior Wealth Management LLC’s holdings in PTC were worth $538,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PTC. State Street Corp boosted its holdings in PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC raised its position in shares of PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock valued at $533,341,000 after buying an additional 37,645 shares during the last quarter. Fernbridge Capital Management LP lifted its stake in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares during the period. Franklin Resources Inc. increased its stake in PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after acquiring an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after acquiring an additional 150,652 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares of the company’s stock, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,242 shares of company stock worth $3,630,716. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and cut their target price for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.54.

PTC Stock Down 0.1 %

Shares of NASDAQ PTC opened at $188.96 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The firm’s 50-day simple moving average is $191.12 and its 200 day simple moving average is $183.10.

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.