SG Americas Securities LLC lifted its stake in PTC Inc. (NASDAQ:PTC – Free Report) by 389.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,799 shares of the technology company’s stock after purchasing an additional 26,101 shares during the quarter. SG Americas Securities LLC’s holdings in PTC were worth $5,653,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Motco purchased a new position in PTC during the first quarter worth $29,000. Zions Bancorporation National Association UT bought a new stake in shares of PTC in the 1st quarter worth about $39,000. SVB Wealth LLC purchased a new position in shares of PTC during the 1st quarter worth about $41,000. Assetmark Inc. grew its holdings in PTC by 339.3% during the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.
PTC Price Performance
Shares of PTC opened at $174.21 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $198.30 and a 200-day moving average price of $191.22. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69. The stock has a market capitalization of $20.87 billion, a PE ratio of 41.09, a PEG ratio of 1.90 and a beta of 1.15.
Analyst Upgrades and Downgrades
PTC has been the subject of several recent analyst reports. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Oppenheimer raised their price target on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Weiss Ratings downgraded PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.92.
View Our Latest Stock Analysis on PTC
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.
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