PTC Inc. (NASDAQ:PTC) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 42.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,304 shares of the technology company’s stock after selling 1,716 shares during the quarter. Advisors Asset Management Inc.’s holdings in PTC were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of PTC during the 2nd quarter worth approximately $41,000. Larson Financial Group LLC purchased a new stake in shares of PTC during the 2nd quarter worth approximately $43,000. Brown Brothers Harriman & Co. purchased a new stake in shares of PTC during the 1st quarter worth approximately $50,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of PTC during the 2nd quarter worth approximately $54,000. Finally, National Bank of Canada FI lifted its position in shares of PTC by 23.5% during the 1st quarter. National Bank of Canada FI now owns 631 shares of the technology company’s stock worth $68,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PTC. Robert W. Baird reduced their price target on shares of PTC from $153.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. Wolfe Research began coverage on shares of PTC in a research report on Tuesday, August 16th. They issued an “outperform” rating and a $155.00 price target for the company. Mizuho upped their price target on shares of PTC from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Finally, Barclays upped their price target on shares of PTC from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.88.

Insider Transactions at PTC

In other news, insider Catherine Kniker sold 2,611 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $130.42, for a total transaction of $340,526.62. Following the transaction, the insider now directly owns 10,472 shares of the company’s stock, valued at approximately $1,365,758.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Catherine Kniker sold 2,611 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $130.42, for a total transaction of $340,526.62. Following the transaction, the insider now directly owns 10,472 shares of the company’s stock, valued at approximately $1,365,758.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Blake D. Moret sold 100,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $118.84, for a total transaction of $11,884,000.00. Following the transaction, the director now directly owns 9,191,050 shares in the company, valued at $1,092,264,382. The disclosure for this sale can be found here. Insiders have sold a total of 160,861 shares of company stock valued at $19,634,084 in the last ninety days. 10.15% of the stock is currently owned by company insiders.

PTC Stock Down 0.5 %

Shares of PTC stock opened at $123.30 on Monday. The company has a market cap of $14.48 billion, a P/E ratio of 46.53, a PEG ratio of 2.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.35. PTC Inc. has a one year low of $96.55 and a one year high of $133.14. The firm has a fifty day moving average of $115.02 and a two-hundred day moving average of $113.52.

PTC Company Profile

(Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

Further Reading

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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