GAM Holding AG Has $2.41 Million Stake in PTC Inc. $PTC

GAM Holding AG reduced its position in PTC Inc. (NASDAQ:PTC) by 54.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,880 shares of the technology company’s stock after selling 14,062 shares during the quarter. GAM Holding AG’s holdings in PTC were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its holdings in shares of PTC by 13.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 74,128 shares of the technology company’s stock worth $12,775,000 after buying an additional 8,786 shares in the last quarter. O ROURKE & COMPANY Inc acquired a new position in PTC during the 2nd quarter worth approximately $258,000. Nisa Investment Advisors LLC grew its position in PTC by 35.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,678 shares of the technology company’s stock worth $4,942,000 after acquiring an additional 7,546 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of PTC by 18.5% in the second quarter. ARK Investment Management LLC now owns 19,024 shares of the technology company’s stock valued at $3,279,000 after buying an additional 2,965 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in PTC by 33.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,244 shares of the technology company’s stock worth $5,729,000 after acquiring an additional 8,300 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the sale, the executive vice president owned 22,461 shares in the company, valued at approximately $3,925,958.19. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was 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 in the company, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,277 shares of company stock valued at $10,624,076 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Robert W. Baird set a $255.00 price objective on PTC in a report on Wednesday, October 22nd. Rosenblatt Securities lowered their price target on shares of PTC from $227.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Piper Sandler dropped their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. BMO Capital Markets reduced their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.92.

PTC Stock Performance

Shares of PTC stock opened at $170.10 on Friday. The business’s fifty day simple moving average is $178.69 and its 200 day simple moving average is $192.59. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $20.23 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last posted its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. PTC had a return on equity of 23.03% and a net margin of 27.05%.The company had revenue of $1.76 billion for the quarter. As a group, analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

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.