Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 5,316 Shares of PTC Inc. (NASDAQ:PTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of PTC Inc. (NASDAQ:PTCFree Report) by 28.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,893 shares of the technology company’s stock after purchasing an additional 5,316 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PTC were worth $3,385,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PTC shares. Oppenheimer lifted their target price on shares of PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Rosenblatt Securities lifted their target price on shares of PTC from $166.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Mizuho lifted their target price on shares of PTC from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $130.00 to $200.00 in a research note on Thursday, January 4th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.82.

Read Our Latest Analysis on PTC

Insider Transactions at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kristian Talvitie sold 20,652 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $156.87, for a total transaction of $3,239,679.24. Following the transaction, the chief financial officer now directly owns 48,716 shares in the company, valued at approximately $7,642,078.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders have sold a total of 72,520 shares of company stock worth $12,117,492 in the last three months. Insiders own 1.17% of the company’s stock.

PTC Stock Performance

PTC stock opened at $178.54 on Tuesday. The company’s 50-day moving average price is $173.46 and its 200-day moving average price is $155.03. PTC Inc. has a twelve month low of $115.44 and a twelve month high of $185.07. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market cap of $21.34 billion, a PE ratio of 90.63, a price-to-earnings-growth ratio of 3.31 and a beta of 1.19.

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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