Holocene Advisors LP Acquires Shares of 41,871 PTC Inc. (NASDAQ:PTC)

Holocene Advisors LP purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,871 shares of the technology company’s stock, valued at approximately $7,564,000.

A number of other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in PTC by 762.5% in the 2nd quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. First Horizon Advisors Inc. lifted its position in PTC by 77.5% during 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 last quarter. Rothschild Investment LLC acquired a new stake in shares of PTC in the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new stake in shares of PTC during the second quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of PTC in the second quarter worth $31,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 860 shares of PTC stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the sale, the director now owns 6,843 shares in the company, valued at approximately $1,368,600. This trade represents a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,869 shares of company stock valued at $2,555,418. 1.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PTC shares. 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. JPMorgan Chase & Co. raised their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $205.67.

PTC Price Performance

Shares of NASDAQ:PTC opened at $200.20 on Wednesday. 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 one year low of $157.72 and a one year high of $201.66. The company has a 50-day simple moving average of $187.60 and a 200-day simple moving average of $180.18. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 2.70 and a beta of 1.16.

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.