CENTRAL TRUST Co Has $436,000 Position in PTC Inc. (NASDAQ:PTC)

CENTRAL TRUST Co lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 15.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,373 shares of the technology company’s stock after selling 421 shares during the period. CENTRAL TRUST Co’s holdings in PTC were worth $436,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fernbridge Capital Management LP raised its holdings in PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares during the last quarter. Congress Asset Management Co. raised its holdings 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 last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC in the third quarter valued at about $84,549,000. Massachusetts Financial Services Co. MA raised its holdings in shares of PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after purchasing an additional 150,652 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of PTC by 33.7% in the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PTC. Stifel Nicolaus increased their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Berenberg Bank lowered 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 research report on Friday, November 1st. Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a research report on Tuesday. Finally, Piper Sandler increased their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.20.

PTC Price Performance

Shares of NASDAQ:PTC opened at $191.07 on Wednesday. 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 $23.00 billion, a PE ratio of 61.44, a P/E/G ratio of 2.62 and a beta of 1.19. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The company has a 50-day moving average price of $190.83 and a two-hundred day moving average price of $183.58.

Insider Transactions at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the 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 sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 21,707 shares in the company, valued at $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. Over the last ninety days, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is currently owned by corporate insiders.

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.