ING Groep NV Invests $2.82 Million in PTC Inc. (NASDAQ:PTC)

ING Groep NV bought a new stake in shares of PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,343 shares of the technology company’s stock, valued at approximately $2,821,000.

Other large investors have also recently added to or reduced their stakes in the company. Bryn Mawr Capital Management LLC acquired a new stake in shares of PTC during the 4th quarter valued at $1,212,000. Alberta Investment Management Corp acquired a new stake in shares of PTC during the fourth quarter worth $12,303,000. New York State Common Retirement Fund lifted its holdings in shares of PTC by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 197,235 shares of the technology company’s stock valued at $36,266,000 after purchasing an additional 1,103 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of PTC by 1.9% during the fourth quarter. Peregrine Capital Management LLC now owns 111,083 shares of the technology company’s stock valued at $20,425,000 after purchasing an additional 2,020 shares during the last quarter. Finally, GAM Holding AG boosted its position in shares of PTC by 3.2% in the 4th quarter. GAM Holding AG now owns 30,649 shares of the technology company’s stock valued at $5,635,000 after purchasing an additional 963 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PTC shares. KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Down 2.5 %

NASDAQ PTC opened at $161.65 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 1-year low of $161.02 and a 1-year high of $203.09. The firm’s fifty day simple moving average is $182.89 and its 200-day simple moving average is $183.14. The company has a market capitalization of $19.45 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

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

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,539 shares of company stock worth $3,301,697. Insiders own 0.32% of the company’s stock.

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.