Bryn Mawr Capital Management LLC Purchases New Shares in PTC Inc. (NASDAQ:PTC)

Bryn Mawr Capital Management LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,106 shares of the technology company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently modified their holdings of PTC. Bank Pictet & Cie Europe AG raised its position in shares of PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after purchasing an additional 55 shares during the last quarter. Wedmont Private Capital raised its holdings 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 last quarter. Allworth Financial LP lifted its position in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of PTC by 1.1% during the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after buying an additional 73 shares in the last quarter. Finally, Equitable Trust Co. grew its stake in PTC by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock valued at $651,000 after acquiring an additional 79 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on PTC shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, 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 note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Down 0.2 %

Shares of NASDAQ PTC opened at $162.75 on Friday. The firm has a fifty day moving average of $180.45 and a 200-day moving average of $182.94. The stock has a market capitalization of $19.58 billion, a PE ratio of 50.23, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52-week low of $160.53 and a 52-week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was 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 of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the business’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 value of $2,054,398.04. Following the completion of the sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

About PTC

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.