SG Americas Securities LLC Grows Stake in PTC Inc. (NASDAQ:PTC)

SG Americas Securities LLC grew its holdings in shares of PTC Inc. (NASDAQ:PTC) by 944.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,143 shares of the technology company’s stock after purchasing an additional 21,832 shares during the quarter. SG Americas Securities LLC’s holdings in PTC were worth $4,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its position in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 80 shares during the period. Brooklyn Investment Group purchased a new stake in PTC during the 3rd quarter valued at about $66,000. Park Place Capital Corp acquired a new position in shares of PTC in the third quarter valued at about $67,000. Blue Trust Inc. raised its stake in shares of PTC by 473.9% in the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after purchasing an additional 654 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PTC during the third quarter worth about $152,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,242 shares of company stock valued at $3,630,716. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of several research reports. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Piper Sandler increased their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird lifted their price objective on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.54.

PTC Trading Down 0.1 %

Shares of PTC stock opened at $188.96 on Friday. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 60.76, a PEG ratio of 2.55 and a beta of 1.18. The stock has a 50 day moving average of $191.14 and a 200 day moving average of $183.08.

PTC Profile

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.