PTC Inc. $PTC Stock Bought by Candriam S.C.A.

Candriam S.C.A. grew its position in PTC Inc. (NASDAQ:PTC) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,467 shares of the technology company’s stock after buying an additional 32,799 shares during the period. Candriam S.C.A.’s holdings in PTC were worth $38,930,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Ethic Inc. lifted its holdings in shares of PTC by 7.5% during the 3rd quarter. Ethic Inc. now owns 13,236 shares of the technology company’s stock valued at $1,857,000 after purchasing an additional 920 shares in the last quarter. Parallel Advisors LLC grew its position in shares of PTC by 5.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,180 shares of the technology company’s stock valued at $166,000 after purchasing an additional 64 shares during the period. Alps Advisors Inc. increased its stake in PTC by 9.9% during the 3rd quarter. Alps Advisors Inc. now owns 10,100 shares of the technology company’s stock worth $1,417,000 after purchasing an additional 911 shares in the last quarter. Canvas Wealth Advisors LLC bought a new stake in PTC during the 3rd quarter worth approximately $409,000. Finally, Heritage Family Offices LLP bought a new stake in PTC during the 3rd quarter worth approximately $133,000. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 1,750 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $195.75, for a total value of $342,562.50. Following the completion of the transaction, the director owned 6,679 shares of the company’s stock, valued at approximately $1,307,414.25. This trade represents a 20.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

PTC Trading Up 0.2%

NASDAQ:PTC opened at $195.07 on Friday. PTC Inc. has a twelve month low of $108.50 and a twelve month high of $196.05. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $166.98 and a two-hundred day moving average price of $148.11. The company has a market cap of $21.17 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.93.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, November 4th. The technology company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.06. PTC had a net margin of 37.80% and a return on equity of 20.03%. The company had revenue of $673.25 million during the quarter, compared to analysts’ expectations of $663.56 million. During the same period last year, the business earned $3.41 EPS. The business’s quarterly revenue was down 24.7% on a year-over-year basis. As a group, analysts expect that PTC Inc. will post 7.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PTC. Piper Sandler cut their price target on shares of PTC from $175.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada cut shares of PTC from a “buy” rating to a “sector perform” rating and upped their price target for the company from $195.00 to $306.00 in a report on Monday, October 5th. Weiss Ratings raised shares of PTC from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. KeyCorp lowered shares of PTC from an “overweight” rating to a “sector weight” rating in a report on Monday, October 5th. Finally, Loop Capital cut shares of PTC from a “buy” rating to a “hold” rating and boosted their price objective for the company from $200.00 to $205.00 in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, PTC has a consensus rating of “Hold” and a consensus price target of $200.06.

About PTC

PTC Inc develops software that helps manufacturers design, build, operate and service products. Its offerings support computer-aided design (CAD), product lifecycle management (PLM), application lifecycle management and industrial connectivity, helping companies manage product data and coordinate work across engineering and manufacturing.

PTC’s products include Creo for 3D CAD, Windchill for PLM, Codebeamer for application lifecycle management, and ThingWorx for industrial connectivity and application development.