CENTRAL TRUST Co Has $505,000 Holdings in PTC Inc. (NASDAQ:PTC)

CENTRAL TRUST Co trimmed its position in PTC Inc. (NASDAQ:PTC) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,794 shares of the technology company’s stock after selling 120 shares during the quarter. CENTRAL TRUST Co’s holdings in PTC were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of PTC by 61.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,658 shares of the technology company’s stock valued at $1,069,000 after buying an additional 2,144 shares in the last quarter. SteelPeak Wealth LLC raised its position in PTC by 13.2% in the first quarter. SteelPeak Wealth LLC now owns 3,878 shares of the technology company’s stock worth $733,000 after purchasing an additional 451 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in PTC during the first quarter worth about $617,000. Congress Wealth Management LLC DE boosted its holdings in PTC by 5.2% during the first quarter. Congress Wealth Management LLC DE now owns 17,487 shares of the technology company’s stock valued at $3,304,000 after purchasing an additional 864 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of PTC by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 32,754 shares of the technology company’s stock valued at $6,189,000 after purchasing an additional 200 shares during the period. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on PTC shares. Piper Sandler raised their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Rosenblatt Securities reissued a “buy” rating and set a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Robert W. Baird upped their target price on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.09.

Insider Activity

In other news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now owns 44,137 shares of the company’s stock, valued at $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other PTC news, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the sale, the director now owns 59,616 shares in the company, valued at approximately $10,237,855.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the sale, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,000 shares of company stock valued at $1,714,010. Company insiders own 1.17% of the company’s stock.

PTC Trading Up 1.8 %

PTC opened at $187.01 on Friday. PTC Inc. has a 1-year low of $134.61 and a 1-year high of $194.24. The stock has a market capitalization of $22.47 billion, a PE ratio of 76.33, a PEG ratio of 2.69 and a beta of 1.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $177.54 and a two-hundred day moving average price of $177.67.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The business had revenue of $518.64 million for the quarter, compared to analysts’ expectations of $533.04 million. As a group, equities analysts anticipate that PTC Inc. will post 3.51 earnings per share for the current fiscal year.

PTC 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.