Banque Transatlantique SA Takes Position in PTC Inc. $PTC

Banque Transatlantique SA acquired a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,750 shares of the technology company’s stock, valued at approximately $1,854,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in shares of PTC by 15.5% during the 1st quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock worth $68,000 after purchasing an additional 59 shares during the last quarter. Bellecapital International Ltd. boosted its holdings in shares of PTC by 4.3% during the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock worth $276,000 after purchasing an additional 66 shares during the last quarter. Aviso Financial Inc. grew its position in shares of PTC by 4.1% in the second quarter. Aviso Financial Inc. now owns 1,691 shares of the technology company’s stock valued at $291,000 after purchasing an additional 66 shares during the period. American Century Companies Inc. increased its stake in PTC by 3.3% in the first quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after purchasing an additional 73 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in PTC by 0.9% during the second quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock worth $1,476,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PTC shares. Piper Sandler dropped their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. BMO Capital Markets lowered their target price on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Robert W. Baird set a $255.00 price target on shares of PTC in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of PTC in a research note on Monday. Finally, Wall Street Zen downgraded PTC from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $205.92.

Insider Transactions at PTC

In related news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares in the company, valued at approximately $3,925,958.19. This trade represents a 21.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 61,277 shares of company stock worth $10,624,076. 0.32% of the stock is currently owned by insiders.

PTC Price Performance

PTC opened at $176.00 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The company has a 50 day moving average of $186.92 and a two-hundred day moving average of $191.78. The company has a market cap of $21.02 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.03 and a beta of 1.03. The company has a quick ratio of 1.43, a current ratio of 1.12 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last posted its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. The business had revenue of $1.76 billion for the quarter. On average, analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

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.