Brinker Capital Investments LLC Has $449,000 Stock Position in PTC Inc. (NASDAQ:PTC)

Brinker Capital Investments LLC reduced its stake in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,288 shares of the technology company’s stock after selling 220 shares during the period. Brinker Capital Investments LLC’s holdings in PTC were worth $449,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

PTC has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of PTC from $148.00 to $144.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Royal Bank of Canada boosted their target price on shares of PTC from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Berenberg Bank initiated coverage on shares of PTC in a report on Wednesday, January 11th. They set a “buy” rating and a $155.00 target price on the stock. Finally, Rosenblatt Securities boosted their target price on shares of PTC from $138.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, January 5th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.89.

Insider Activity

In other news, Director Blake D. Moret sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $122.95, for a total value of $983,600.00. Following the completion of the sale, the director now owns 8,870,017 shares of the company’s stock, valued at $1,090,568,590.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO James E. Heppelmann sold 34,250 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $130.15, for a total value of $4,457,637.50. Following the completion of the sale, the chief executive officer now owns 930,667 shares of the company’s stock, valued at $121,126,310.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Blake D. Moret sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $122.95, for a total value of $983,600.00. Following the completion of the transaction, the director now directly owns 8,870,017 shares of the company’s stock, valued at approximately $1,090,568,590.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 483,788 shares of company stock valued at $59,367,463. 8.26% of the stock is owned by company insiders.

PTC Trading Down 1.0 %

PTC stock opened at $133.62 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.35 and a quick ratio of 1.35. The company has a fifty day moving average price of $124.69 and a two-hundred day moving average price of $118.49. PTC Inc. has a one year low of $96.55 and a one year high of $135.10. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 50.42, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. The firm had revenue of $507.93 million during the quarter, compared to analysts’ expectations of $498.19 million. PTC had a net margin of 16.19% and a return on equity of 18.58%. Equities analysts anticipate that PTC Inc. will post 3.33 EPS for the current year.

PTC 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.

See Also

Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTCGet Rating).

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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