Forsta AP Fonden Has $3.84 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Forsta AP Fonden raised its position in PTC Inc. (NASDAQ:PTC) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,800 shares of the technology company’s stock after buying an additional 100 shares during the quarter. Forsta AP Fonden’s holdings in PTC were worth $3,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PTC. Townsquare Capital LLC raised its holdings in PTC by 4.2% in the 4th quarter. Townsquare Capital LLC now owns 36,854 shares of the technology company’s stock valued at $6,776,000 after acquiring an additional 1,471 shares in the last quarter. Mariner LLC boosted its holdings in shares of PTC by 3.7% in the 4th quarter. Mariner LLC now owns 12,748 shares of the technology company’s stock valued at $2,344,000 after purchasing an additional 450 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in shares of PTC in the 4th quarter valued at $295,000. NewEdge Advisors LLC boosted its holdings in shares of PTC by 4.3% in the 4th quarter. NewEdge Advisors LLC now owns 9,070 shares of the technology company’s stock valued at $1,668,000 after purchasing an additional 374 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of PTC in the 4th quarter valued at $10,023,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

PTC Price Performance

Shares of NASDAQ:PTC opened at $203.29 on Tuesday. The firm has a market cap of $24.35 billion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. The firm’s fifty day moving average is $186.31 and its 200-day moving average is $170.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. The company had revenue of $643.94 million for the quarter, compared to analyst estimates of $582.12 million. PTC had a net margin of 20.74% and a return on equity of 17.09%. PTC’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of PTC in a report on Tuesday, July 29th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday. Piper Sandler upped their price target on shares of PTC from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Barclays set a $233.00 price target on shares of PTC in a report on Thursday, July 31st. Finally, Oppenheimer upped their price target on shares of PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.14.

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.