PTC Inc. (NASDAQ:PTC) Shares Purchased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. boosted its holdings in PTC Inc. (NASDAQ:PTC) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,180 shares of the technology company’s stock after buying an additional 503 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in PTC were worth $1,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nordea Investment Management AB boosted its holdings in shares of PTC by 5.0% in the 4th quarter. Nordea Investment Management AB now owns 10,084 shares of the technology company’s stock valued at $1,854,000 after buying an additional 479 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in PTC in the fourth quarter valued at $474,000. GAMMA Investing LLC boosted its stake in PTC by 86.8% in the fourth quarter. GAMMA Investing LLC now owns 2,600 shares of the technology company’s stock valued at $478,000 after acquiring an additional 1,208 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after purchasing an additional 135,677 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of PTC by 3.8% during the third quarter. Principal Financial Group Inc. now owns 149,071 shares of the technology company’s stock worth $26,931,000 after purchasing an additional 5,403 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Stifel Nicolaus increased their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird upped their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $207.54.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is owned by company insiders.

PTC Price Performance

Shares of PTC traded down $1.98 during mid-day trading on Friday, hitting $182.38. The company’s stock had a trading volume of 845,536 shares, compared to its average volume of 753,152. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $203.09. The firm has a market capitalization of $21.91 billion, a P/E ratio of 58.64, a P/E/G ratio of 2.70 and a beta of 1.18. The firm has a 50-day simple moving average of $192.15 and a 200 day simple moving average of $182.74.

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.