Y Intercept Hong Kong Ltd Takes $1.35 Million Position in PTC Inc. $PTC

Y Intercept Hong Kong Ltd acquired a new position in shares of PTC Inc. (NASDAQ:PTC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 6,663 shares of the technology company’s stock, valued at approximately $1,353,000.

Several other institutional investors have also recently bought and sold shares of PTC. Root Financial Partners LLC bought a new position in shares of PTC during the 3rd quarter worth approximately $30,000. SJS Investment Consulting Inc. boosted its holdings in PTC by 2,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after purchasing an additional 158 shares during the last quarter. Versant Capital Management Inc grew its position in PTC by 37.6% in the third quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after purchasing an additional 53 shares in the last quarter. Geneos Wealth Management Inc. grew its position in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares in the last quarter. Finally, Assetmark Inc. increased its stake in PTC by 339.3% in 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 last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer reduced their price objective on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday. Robert W. Baird set a $255.00 price target on PTC in a research report on Wednesday, October 22nd. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Citigroup dropped their price target on PTC from $185.00 to $181.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of PTC in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.77.

PTC Trading Up 1.7%

PTC stock opened at $156.13 on Friday. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a market capitalization of $18.57 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The company’s 50-day simple moving average is $171.68 and its 200 day simple moving average is $191.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.43.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. The business had revenue of $1.76 billion during the quarter. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the completion of the transaction, the executive vice president directly owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. This trade represents a 80.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,277 shares of company stock worth $10,624,076 in the last three months. 0.29% of the stock is currently owned by company insiders.

About PTC

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.