Bryn Mawr Capital Management LLC Invests $1.21 Million in PTC Inc. (NASDAQ:PTC)

Bryn Mawr Capital Management LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,592 shares of the technology company’s stock, valued at approximately $1,212,000.

Several other hedge funds also recently made changes to their positions in PTC. Bank Pictet & Cie Europe AG increased its stake in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after acquiring an additional 55 shares during the last quarter. Wedmont Private Capital increased its stake in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after acquiring an additional 64 shares during the last quarter. IFM Investors Pty Ltd increased its stake in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after acquiring an additional 66 shares during the last quarter. Allworth Financial LP increased its stake in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after acquiring an additional 73 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,539 shares of company stock valued at $3,301,697 over the last quarter. Insiders own 0.32% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $165.76 on Friday. The firm has a market cap of $19.94 billion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The firm’s fifty day moving average is $184.34 and its 200-day moving average is $183.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PTC. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Piper Sandler lifted their price objective 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 lowered shares of 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 report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, KeyCorp raised their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

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.