Russell Investments Group Ltd. Increases Holdings in PTC Inc. (NASDAQ:PTC)

Russell Investments Group Ltd. boosted its position in PTC Inc. (NASDAQ:PTC) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,433 shares of the technology company’s stock after buying an additional 4,728 shares during the quarter. Russell Investments Group Ltd.’s holdings in PTC were worth $9,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PTC by 23.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the technology company’s stock worth $881,000 after purchasing an additional 1,167 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of PTC by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 978,806 shares of the technology company’s stock valued at $138,677,000 after acquiring an additional 3,898 shares in the last quarter. Mackenzie Financial Corp lifted its stake in PTC by 2.8% in the third quarter. Mackenzie Financial Corp now owns 8,808 shares of the technology company’s stock worth $1,214,000 after acquiring an additional 242 shares during the period. Strs Ohio boosted its holdings in PTC by 29.1% in the third quarter. Strs Ohio now owns 12,307 shares of the technology company’s stock valued at $1,743,000 after acquiring an additional 2,777 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in PTC by 16.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 25,181 shares of the technology company’s stock worth $3,568,000 after purchasing an additional 3,629 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $178.22 on Tuesday. PTC Inc. has a 52 week low of $127.89 and a 52 week high of $194.24. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $183.23 and a 200-day moving average price of $171.80. The firm has a market capitalization of $21.31 billion, a PE ratio of 74.57, a P/E/G ratio of 3.48 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PTC shares. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 price target on shares of PTC in a research note on Thursday, February 1st. BMO Capital Markets upped their price target on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Citigroup decreased their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Piper Sandler boosted their target price on shares of PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Barclays increased their price target on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $200.64.

Insider Buying and Selling at PTC

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 completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.17% of the company’s stock.

PTC Company 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.