SteelPeak Wealth LLC Has $799,000 Stock Holdings in PTC Inc. (NASDAQ:PTC)

SteelPeak Wealth LLC grew its stake in PTC Inc. (NASDAQ:PTC) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,348 shares of the technology company’s stock after purchasing an additional 274 shares during the quarter. SteelPeak Wealth LLC’s holdings in PTC were worth $799,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd grew its stake in PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC during the third quarter worth approximately $66,000. Park Place Capital Corp acquired a new position in shares of PTC in the third quarter valued at approximately $67,000. Blue Trust Inc. increased its stake in shares of PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after purchasing an additional 654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in PTC during the 3rd quarter worth approximately $152,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

PTC has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Robert W. Baird lifted their price objective on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company 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 the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last 90 days. Insiders own 0.32% of the company’s stock.

PTC Price Performance

PTC stock opened at $189.08 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09. The stock has a market capitalization of $22.76 billion, a P/E ratio of 60.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The stock has a fifty day moving average of $191.14 and a 200-day moving average of $183.30.

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.