Vontobel Holding Ltd. Grows Position in PTC Inc. $PTC

Vontobel Holding Ltd. boosted its stake in PTC Inc. (NASDAQ:PTC) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,171 shares of the technology company’s stock after buying an additional 38,800 shares during the period. Vontobel Holding Ltd.’s holdings in PTC were worth $50,790,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PTC. SVB Wealth LLC acquired a new stake in shares of PTC during the first quarter valued at about $41,000. Assetmark Inc. increased its holdings in PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after purchasing an additional 207 shares during the last quarter. Geneos Wealth Management Inc. raised its position in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC acquired a new position in PTC during the second quarter worth $53,000. Finally, MUFG Securities EMEA plc acquired a new position in PTC during the second quarter worth $61,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $175.82 on Wednesday. The business has a 50-day simple moving average of $183.32 and a 200-day simple moving average of $192.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.43 and a current ratio of 1.12. PTC Inc. has a one year low of $133.38 and a one year high of $219.69. The company has a market cap of $21.00 billion, a PE ratio of 28.64, a P/E/G ratio of 2.99 and a beta of 1.03.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.03%. The company had revenue of $1.76 billion during the quarter. On average, equities research analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares in the company, valued at $3,925,958.19. This trade represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $8,707,383.74. Following the sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,277 shares of company stock worth $10,624,076 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PTC. BMO Capital Markets dropped their price objective on PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Rosenblatt Securities dropped their target price on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of PTC in a research report on Monday. Robert W. Baird set a $255.00 price objective on shares of PTC in a report on Wednesday, October 22nd. Finally, Piper Sandler reduced their target price 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. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average price target of $205.92.

PTC Profile

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.