1,442 Shares in PTC Inc. (NASDAQ:PTC) Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,442 shares of the technology company’s stock, valued at approximately $265,000.

A number of other large investors also recently made changes to their positions in PTC. State Street Corp boosted its holdings in shares of PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC lifted its position in PTC by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after buying an additional 37,645 shares in the last quarter. Fernbridge Capital Management LP boosted its stake in shares of PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares during the period. Franklin Resources Inc. grew its holdings in shares of PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after acquiring an additional 30,525 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after acquiring an additional 150,652 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. This represents a 15.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % 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.

PTC Price Performance

Shares of PTC stock opened at $163.63 on Friday. PTC Inc. has a 1-year low of $160.53 and a 1-year high of $203.09. The firm has a fifty day simple moving average of $179.98 and a 200-day simple moving average of $182.89. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PTC. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their price target for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Piper Sandler raised their price objective 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. Finally, Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average price target 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.