Transatlantique Private Wealth LLC Purchases New Shares in PTC Inc. $PTC

Transatlantique Private Wealth LLC purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,369 shares of the technology company’s stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Seelaus Asset Management LLC raised its holdings in PTC by 7.7% during the 2nd quarter. Seelaus Asset Management LLC now owns 3,239 shares of the technology company’s stock valued at $558,000 after buying an additional 231 shares during the period. Tredje AP fonden raised its holdings in PTC by 15.5% during the 2nd quarter. Tredje AP fonden now owns 6,352 shares of the technology company’s stock valued at $1,095,000 after buying an additional 852 shares during the period. Simon Quick Advisors LLC purchased a new stake in PTC during the 2nd quarter valued at $235,000. Atria Investments Inc raised its holdings in PTC by 23.4% during the 2nd quarter. Atria Investments Inc now owns 5,614 shares of the technology company’s stock valued at $967,000 after buying an additional 1,064 shares during the period. Finally, Assetmark Inc. raised 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 buying an additional 207 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Oppenheimer increased their target price on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $227.00 target price on shares of PTC in a research note on Thursday, October 30th. Finally, Barclays set a $233.00 target price on PTC in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.31.

PTC Price Performance

PTC opened at $192.03 on Wednesday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $204.72 and its 200-day simple moving average is $189.48. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 1.90 and a beta of 1.14.

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.