Exchange Traded Concepts LLC Lowers Holdings in PTC Inc. (NASDAQ:PTC)

Exchange Traded Concepts LLC lessened its position in PTC Inc. (NASDAQ:PTC) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,311 shares of the technology company’s stock after selling 13,095 shares during the period. Exchange Traded Concepts LLC’s holdings in PTC were worth $12,744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its position in PTC by 67.7% in the 3rd quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after acquiring an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in shares of PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after purchasing an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC during the third quarter valued at $84,549,000. Citigroup Inc. increased its holdings in PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after buying an additional 32,984 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after buying an additional 135,677 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.0 %

PTC stock opened at $189.02 on Friday. The business’s 50-day moving average price is $191.18 and its 200-day moving average price is $183.04. The stock has a market cap of $22.75 billion, a P/E ratio of 60.92, a PEG ratio of 2.55 and a beta of 1.18. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the transaction, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,242 shares of company stock worth $3,630,716. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of recent analyst reports. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Stifel Nicolaus raised their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their target price on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.54.

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.