Empowered Funds LLC Has $387,000 Holdings in PTC Inc. (NASDAQ:PTC)

Empowered Funds LLC raised its holdings in PTC Inc. (NASDAQ:PTC) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,144 shares of the technology company’s stock after acquiring an additional 210 shares during the period. Empowered Funds LLC’s holdings in PTC were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of PTC by 22.2% during the first quarter. Advisors Asset Management Inc. now owns 4,444 shares of the technology company’s stock worth $840,000 after acquiring an additional 807 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in PTC by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock worth $165,377,000 after purchasing an additional 40,462 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of PTC in the 1st quarter valued at about $462,000. California State Teachers Retirement System lifted its holdings in shares of PTC by 1.4% in the first quarter. California State Teachers Retirement System now owns 186,636 shares of the technology company’s stock valued at $35,263,000 after purchasing an additional 2,514 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of PTC by 14.9% during the first quarter. Tidal Investments LLC now owns 12,836 shares of the technology company’s stock worth $2,425,000 after buying an additional 1,667 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This represents a 67.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank lowered PTC from a “buy” rating to a “hold” rating and dropped their target price for the company from $210.00 to $196.00 in a research report on Friday, November 1st. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a 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. Robert W. Baird raised their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.83.

PTC Stock Up 1.5 %

Shares of PTC stock opened at $200.59 on Tuesday. PTC Inc. has a 52-week low of $153.44 and a 52-week high of $201.66. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 64.50, a PEG ratio of 2.68 and a beta of 1.17. The firm’s 50-day moving average is $184.90 and its 200-day moving average is $179.44. 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 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.