Rothschild Investment LLC Acquires New Shares in PTC Inc. (NASDAQ:PTC)

Rothschild Investment LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 158 shares of the technology company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PTC. Maryland State Retirement & Pension System boosted its position in PTC by 4.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 9,223 shares of the technology company’s stock worth $1,676,000 after acquiring an additional 406 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in PTC during the second quarter worth $176,000. International Assets Investment Management LLC bought a new position in PTC in the second quarter valued at $30,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in PTC by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,972 shares of the technology company’s stock valued at $2,357,000 after purchasing an additional 460 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its stake in PTC by 9.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,761 shares of the technology company’s stock valued at $865,000 after buying an additional 414 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the completion of the transaction, the director now directly owns 48,137 shares in the company, valued at $8,632,408.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $3,144,130 in the last 90 days. Company insiders own 1.17% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $164.76 on Friday. The company has a market cap of $19.79 billion, a P/E ratio of 68.94, a P/E/G ratio of 3.34 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. PTC Inc. has a one year low of $134.61 and a one year high of $194.24. The firm’s fifty day moving average price is $176.17 and its two-hundred day moving average price is $179.23.

Analysts Set New Price Targets

PTC has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, August 1st. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Rosenblatt Securities upped their price objective on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler increased their price objective on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Mizuho restated a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

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.