Citigroup Inc. Has $26.97 Million Holdings in PTC Inc. (NASDAQ:PTC)

Citigroup Inc. boosted its stake in PTC Inc. (NASDAQ:PTC) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,293 shares of the technology company’s stock after acquiring an additional 32,984 shares during the quarter. Citigroup Inc.’s holdings in PTC were worth $26,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc boosted its position in PTC by 4.4% during the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock worth $206,091,000 after acquiring an additional 48,553 shares during the last quarter. Liontrust Investment Partners LLP grew its position in PTC by 1.0% in the second quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company’s stock valued at $182,383,000 after purchasing an additional 10,338 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after buying an additional 150,652 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in PTC by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock worth $165,377,000 after buying an additional 40,462 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of PTC by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 783,077 shares of the technology company’s stock worth $141,471,000 after buying an additional 32,343 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the completion of the sale, the chief accounting officer now owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $200.59 on Tuesday. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 64.50, a PEG ratio of 2.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a 52 week low of $153.44 and a 52 week high of $201.66. The company has a 50-day simple moving average of $184.90 and a 200 day simple moving average of $179.44.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Finally, StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $204.83.

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.