Stanley Laman Group Ltd. Increases Stock Holdings in PTC Inc. (NASDAQ:PTC)

Stanley Laman Group Ltd. lifted its holdings in PTC Inc. (NASDAQ:PTC) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,299 shares of the technology company’s stock after purchasing an additional 784 shares during the quarter. Stanley Laman Group Ltd.’s holdings in PTC were worth $4,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PTC. Sanctuary Advisors LLC purchased a new stake in shares of PTC in the second quarter valued at approximately $519,000. CWM LLC boosted its stake in shares of PTC by 12.5% in the third quarter. CWM LLC now owns 8,089 shares of the technology company’s stock valued at $1,461,000 after buying an additional 900 shares in the last quarter. Swedbank AB boosted its stake in shares of PTC by 5.4% in the third quarter. Swedbank AB now owns 61,829 shares of the technology company’s stock valued at $11,170,000 after buying an additional 3,157 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of PTC by 2.4% in the third quarter. Vontobel Holding Ltd. now owns 204,692 shares of the technology company’s stock valued at $36,980,000 after buying an additional 4,774 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in PTC by 1.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,214 shares of the technology company’s stock worth $2,387,000 after purchasing an additional 242 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PTC. KeyCorp boosted their target price on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Piper Sandler boosted their target price on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Performance

NASDAQ PTC opened at $166.57 on Thursday. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The business has a fifty day moving average of $188.05 and a 200-day moving average of $183.62. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, analysts predict that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity at PTC

In related 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 value of $329,019.60. Following the completion of the transaction, the chief accounting officer now directly owns 830 shares in the company, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s 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 sale, the executive vice president now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,242 shares of company stock worth $3,630,716. 0.32% of the stock is currently owned by insiders.

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.