Optimize Financial Inc Makes New $1.31 Million Investment in PTC Inc. $PTC

Optimize Financial Inc purchased a new position in PTC Inc. (NASDAQ:PTC) during the 3rd quarter, HoldingsChannel reports. The fund purchased 6,468 shares of the technology company’s stock, valued at approximately $1,313,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Campbell Newman Asset Management Inc. raised its holdings in PTC by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock valued at $2,466,000 after acquiring an additional 49 shares during the last quarter. Diversified Trust Co grew its position in shares of PTC by 2.5% in the third quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock valued at $448,000 after purchasing an additional 53 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after purchasing an additional 53 shares during the last quarter. Archford Capital Strategies LLC lifted its position in PTC by 1.4% during the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock worth $953,000 after buying an additional 63 shares in the last quarter. Finally, Bellecapital International Ltd. boosted its stake in 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 buying an additional 66 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 4.9%

Shares of NASDAQ PTC opened at $149.25 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $170.93 and its two-hundred day moving average is $190.38. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 2.60 and a beta of 1.03.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. The business had revenue of $1.76 billion during the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. Research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

PTC has been the subject of a number of recent research reports. Robert W. Baird set a $255.00 target price on PTC in a research note on Wednesday, October 22nd. Oppenheimer cut their price objective on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lowered shares of PTC from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $205.00 to $162.00 in a report on Monday. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Finally, Piper Sandler reduced their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average price target of $201.92.

Insider Activity

In related news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president owned 12,386 shares in the company, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction that occurred on 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 owned 22,461 shares in the company, valued at approximately $3,925,958.19. This trade represents a 21.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 61,277 shares of company stock valued at $10,624,076. 0.29% of the stock is currently owned by corporate insiders.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.