PTC Inc. (NASDAQ:PTC) Shares Bought by FORA Capital LLC

FORA Capital LLC increased its position in shares of PTC Inc. (NASDAQ:PTC) by 80.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,193 shares of the technology company’s stock after purchasing an additional 10,779 shares during the period. FORA Capital LLC’s holdings in PTC were worth $4,371,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Blue Trust Inc. grew its position in PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after buying an additional 122 shares during the period. Rothschild Investment LLC purchased a new position in PTC in the second quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in shares of PTC during the 2nd quarter valued at approximately $30,000. Finally, OFI Invest Asset Management purchased a new stake in shares of PTC during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler raised their price objective on PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $195.00 target price on shares of PTC in a report on Thursday, October 10th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.83.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the sale, the chief accounting officer now directly owns 830 shares in the company, valued at approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.17% of the company’s stock.

PTC Trading Down 0.1 %

NASDAQ PTC traded down $0.21 during mid-day trading on Wednesday, reaching $199.05. 80,357 shares of the stock were exchanged, compared to its average volume of 807,051. The stock has a market capitalization of $23.91 billion, a PE ratio of 64.07, a PEG ratio of 2.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. PTC Inc. has a 1-year low of $153.44 and a 1-year high of $201.66. The business’s fifty day simple moving average is $185.37 and its 200 day simple moving average is $179.58.

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.