Oppenheimer Asset Management Inc. Has $911,000 Stock Position in PTC Inc. (NASDAQ:PTC)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of PTC Inc. (NASDAQ:PTCFree Report) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,432 shares of the technology company’s stock after selling 114 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PTC were worth $911,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Granite Investment Partners LLC lifted its holdings in PTC by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 15,789 shares of the technology company’s stock valued at $2,247,000 after purchasing an additional 75 shares during the last quarter. CWM LLC lifted its holdings in PTC by 6.9% during the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after purchasing an additional 75 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in PTC by 4.8% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 1,688 shares of the technology company’s stock valued at $240,000 after purchasing an additional 78 shares during the last quarter. Simplicity Solutions LLC lifted its holdings in PTC by 4.7% during the 2nd quarter. Simplicity Solutions LLC now owns 1,791 shares of the technology company’s stock valued at $255,000 after purchasing an additional 80 shares during the last quarter. Finally, Stephens Inc. AR increased its position in PTC by 25.7% in the 1st quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock valued at $51,000 after acquiring an additional 82 shares in the last quarter. 92.23% of the stock is owned by institutional investors.

PTC Stock Up 0.7 %

Shares of NASDAQ PTC opened at $181.54 on Friday. The stock has a market cap of $21.70 billion, a P/E ratio of 92.15, a P/E/G ratio of 3.26 and a beta of 1.19. The firm has a 50 day moving average price of $172.61 and a 200 day moving average price of $154.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.76 and a current ratio of 1.19. PTC Inc. has a 52-week low of $115.44 and a 52-week high of $185.07.

Insider Activity at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kristian Talvitie sold 1,588 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $158.32, for a total transaction of $251,412.16. Following the transaction, the chief financial officer now owns 47,128 shares of the company’s stock, valued at approximately $7,461,304.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,520 shares of company stock worth $12,117,492. 1.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PTC. Oppenheimer raised their price objective on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Rosenblatt Securities raised their price objective on shares of PTC from $166.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Piper Sandler raised their price objective on shares of PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. Finally, Robert W. Baird raised their price objective on shares of PTC from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $191.82.

Get Our Latest Stock Report on PTC

About PTC

(Free Report)

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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