Wilmington Savings Fund Society FSB Has $5.45 Million Holdings in PTC Inc. (NASDAQ:PTC)

Wilmington Savings Fund Society FSB decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,639 shares of the technology company’s stock after selling 974 shares during the period. Wilmington Savings Fund Society FSB’s holdings in PTC were worth $5,450,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PTC. Wedmont Private Capital lifted its stake in shares of PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after acquiring an additional 64 shares during the period. IFM Investors Pty Ltd lifted its position in PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after purchasing an additional 66 shares during the period. Metis Global Partners LLC lifted its position in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the period. Signaturefd LLC boosted its stake in shares of PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock valued at $162,000 after purchasing an additional 76 shares during the last quarter. Finally, Equitable Trust Co. raised its stake in shares of PTC by 2.2% during the third quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock worth $651,000 after buying an additional 79 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. The trade was a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Corinna Lathan sold 860 shares of the stock in a transaction 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 transaction, the director now owns 6,843 shares in the company, valued at $1,368,600. The trade was a 11.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock valued at $3,630,716 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

PTC Stock Performance

NASDAQ PTC opened at $169.02 on Friday. The firm’s fifty day moving average price is $189.31 and its two-hundred day moving average price is $183.58. 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 $20.34 billion, a P/E ratio of 52.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

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

Wall Street Analyst Weigh In

PTC has been the topic of a number of analyst reports. Piper Sandler increased their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.09.

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.