PTC Inc. (NASDAQ:PTC) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in PTC Inc. (NASDAQ:PTC) by 86.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 49,132 shares of the technology company’s stock after purchasing an additional 22,826 shares during the quarter. Daiwa Securities Group Inc.’s holdings in PTC were worth $8,876,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PTC. Oregon Public Employees Retirement Fund lifted its holdings in PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after acquiring an additional 61 shares during the last quarter. Diversified Trust Co lifted its stake in PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after purchasing an additional 62 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after buying an additional 62 shares in the last quarter. IFM Investors Pty Ltd grew its position in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after buying an additional 66 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Up 1.5 %

PTC stock opened at $200.59 on Tuesday. The company has a market capitalization of $24.10 billion, a PE ratio of 64.50, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. 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 $153.44 and a one year high of $201.66. The company’s 50 day moving average price is $184.90 and its two-hundred day moving average price is $179.44.

Insider Buying and Selling

In related news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PTC has been the topic 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. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and cut their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average target price of $204.83.

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.