PTC Inc. (NASDAQ:PTC) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,300 shares of the technology company’s stock after acquiring an additional 5,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in PTC were worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PTC. Lindbrook Capital LLC lifted its holdings in shares of PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the period. Legacy Financial Group LLC acquired a new stake in shares of PTC in the 3rd quarter valued at approximately $28,000. Resources Management Corp CT ADV lifted its holdings in shares of PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the period. CWM LLC raised its holdings in PTC by 6.9% during the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after purchasing an additional 75 shares during the last quarter. Finally, Delta Capital Management LLC acquired a new position in PTC during the fourth quarter worth $205,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PTC shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 price objective on shares of PTC in a report on Thursday, February 1st. Oppenheimer lifted their price objective on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays lifted their price objective on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. BMO Capital Markets lifted their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Piper Sandler lifted their price objective on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.40.

Insider Activity at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by insiders.

PTC Price Performance

Shares of NASDAQ:PTC opened at $179.88 on Friday. The company has a market cap of $21.50 billion, a P/E ratio of 91.31, a P/E/G ratio of 3.22 and a beta of 1.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The business has a fifty day simple moving average of $183.49 and a 200-day simple moving average of $169.77.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. Equities research analysts forecast that PTC Inc. will post 3.47 EPS for the current year.

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.