Handelsbanken Fonder AB Has $4.43 Million Position in PTC Inc. (NASDAQ:PTC)

Handelsbanken Fonder AB raised its position in shares of PTC Inc. (NASDAQ:PTC) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,300 shares of the technology company’s stock after purchasing an additional 5,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in PTC were worth $4,426,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of PTC by 12.0% in the fourth quarter. CWM LLC now owns 1,294 shares of the technology company’s stock worth $226,000 after acquiring an additional 139 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of PTC by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,547 shares of the technology company’s stock worth $2,195,000 after acquiring an additional 1,087 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of PTC by 108.3% in the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares during the last quarter. abrdn plc increased its stake in shares of PTC by 29.8% in the fourth quarter. abrdn plc now owns 112,359 shares of the technology company’s stock worth $19,658,000 after acquiring an additional 25,817 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of PTC in the fourth quarter worth $241,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on PTC. Barclays increased their target price on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Rosenblatt Securities reissued a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Piper Sandler increased their target price on shares of PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, KeyCorp increased their target price on shares of PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $202.40.

PTC Stock Down 0.3 %

NASDAQ PTC opened at $179.88 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a 50-day simple moving average of $183.49 and a 200 day simple moving average of $169.77. PTC Inc. has a twelve month low of $120.62 and a twelve month high of $194.24. The stock has a market cap of $21.50 billion, a PE ratio of 91.31, a PEG ratio of 3.22 and a beta of 1.17.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The business had revenue of $550.21 million during the quarter, compared to analysts’ expectations of $538.59 million. On average, research analysts forecast that PTC Inc. will post 3.47 EPS for the current year.

Insider Activity at PTC

In other PTC news, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,415 shares of company stock worth $6,457,478. 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.