Barclays PLC Raises Stock Position in PTC Inc. (NASDAQ:PTC)

Barclays PLC increased its holdings in shares of PTC Inc. (NASDAQ:PTC – Get Rating) by 24.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,955 shares of the technology company’s stock after purchasing an additional 32,060 shares during the period. Barclays PLC owned approximately 0.14% of PTC worth $17,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PTC. Private Trust Co. NA raised its holdings in shares of PTC by 43.5% during the third quarter. Private Trust Co. NA now owns 330 shares of the technology company’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of PTC during the second quarter worth $41,000. Larson Financial Group LLC purchased a new position in shares of PTC during the second quarter worth $43,000. Brown Brothers Harriman & Co. purchased a new position in shares of PTC during the first quarter worth $50,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of PTC during the second quarter worth $54,000. Hedge funds and other institutional investors own 86.79% of the company’s stock.

PTC Stock Performance

PTC opened at $133.62 on Wednesday. The firm has a market capitalization of $15.79 billion, a PE ratio of 50.42, a PEG ratio of 2.68 and a beta of 1.17. PTC Inc. has a twelve month low of $96.55 and a twelve month high of $135.10. The firm’s 50-day moving average price is $124.69 and its 200 day moving average price is $118.49. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The firm had revenue of $507.93 million for the quarter, compared to analyst estimates of $498.19 million. PTC had a net margin of 16.19% and a return on equity of 18.58%. As a group, sell-side analysts expect that PTC Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Blake D. Moret sold 7,281 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $123.68, for a total transaction of $900,514.08. Following the transaction, the director now directly owns 7,705,717 shares in the company, valued at $953,043,078.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PTC news, Director Blake D. Moret sold 7,281 shares of PTC stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $123.68, for a total transaction of $900,514.08. Following the transaction, the director now directly owns 7,705,717 shares of the company’s stock, valued at $953,043,078.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine Kniker sold 2,611 shares of PTC stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total transaction of $340,526.62. Following the transaction, the insider now directly owns 10,472 shares in the company, valued at $1,365,758.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 483,788 shares of company stock worth $59,367,463. 8.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Rosenblatt Securities raised their price target on shares of PTC from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, January 5th. Royal Bank of Canada raised their price target on shares of PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Citigroup raised their price target on shares of PTC to $135.00 in a research report on Tuesday, November 15th. Barclays dropped their price target on shares of PTC from $148.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. Finally, Berenberg Bank started coverage on shares of PTC in a research report on Wednesday, January 11th. They issued a “buy” rating and a $155.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.89.

PTC Company Profile

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PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.