Silverberg Bernstein Capital Management LLC Has $14.16 Million Stake in PTC Inc. $PTC

Silverberg Bernstein Capital Management LLC increased its position in PTC Inc. (NASDAQ:PTC) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,766 shares of the technology company’s stock after purchasing an additional 5,378 shares during the quarter. PTC makes up about 8.6% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Silverberg Bernstein Capital Management LLC owned approximately 0.06% of PTC worth $14,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 17.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,312,856 shares of the technology company’s stock worth $3,147,478,000 after buying an additional 3,048,311 shares during the period. Vanguard Group Inc. lifted its stake in PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock worth $2,541,838,000 after acquiring an additional 416,791 shares during the period. State Street Corp grew its holdings in PTC by 4.0% during the 2nd quarter. State Street Corp now owns 5,372,296 shares of the technology company’s stock worth $925,861,000 after acquiring an additional 205,029 shares in the last quarter. Geode Capital Management LLC grew its holdings in PTC by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock worth $586,438,000 after acquiring an additional 265,558 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of PTC by 1.9% in the 1st quarter. Wellington Management Group LLP now owns 2,370,972 shares of the technology company’s stock valued at $367,382,000 after purchasing an additional 44,961 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PTC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Rosenblatt Securities dropped their price objective on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Robert W. Baird set a $255.00 target price on PTC in a research note on Wednesday, October 22nd. Piper Sandler lowered their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research downgraded PTC from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.92.

Insider Activity

In related news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the completion of the sale, the executive vice president owned 12,386 shares of the company’s stock, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 6,328 shares of the company’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 completion of the sale, the executive vice president owned 22,461 shares in the company, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 61,277 shares of company stock valued at $10,624,076. Company insiders own 0.32% of the company’s stock.

PTC Trading Up 0.6%

NASDAQ:PTC opened at $175.31 on Thursday. The company has a market capitalization of $20.94 billion, a P/E ratio of 28.55, a PEG ratio of 1.99 and a beta of 1.03. The company has a current ratio of 1.12, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69. The firm has a fifty day simple moving average of $185.20 and a 200-day simple moving average of $192.07.

PTC (NASDAQ:PTC) last released 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 firm had revenue of $1.76 billion for the quarter. On average, equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

About PTC

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.