Sanctuary Advisors LLC Acquires 1,397 Shares of PTC Inc. (NASDAQ:PTC)

Sanctuary Advisors LLC raised its holdings in PTC Inc. (NASDAQ:PTC) by 48.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,265 shares of the technology company’s stock after buying an additional 1,397 shares during the period. Sanctuary Advisors LLC’s holdings in PTC were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Fernbridge Capital Management LP raised its stake in PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after acquiring an additional 650,990 shares during the period. Congress Asset Management Co. raised its position in shares of PTC by 767.8% in the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock valued at $119,746,000 after purchasing an additional 586,443 shares during the period. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the 3rd quarter worth about $84,549,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of PTC by 66.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock worth $140,577,000 after buying an additional 310,092 shares during the period. Finally, State Street Corp grew its stake in PTC by 2.7% in the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after buying an additional 133,370 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Stock Performance

NASDAQ:PTC opened at $187.58 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22.53 billion, a PE ratio of 60.32, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The stock’s 50-day simple moving average is $192.29 and its 200 day simple moving average is $181.87.

Insider Activity

In other news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value 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 $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred on Monday, December 9th. The stock was 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 in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,242 shares of company stock worth $3,630,716. Corporate insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report 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. Royal Bank of Canada upped their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $210.00 to $196.00 in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $207.54.

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.