Prescott Group Capital Management L.L.C. Invests $480,000 in PTC Inc. (NASDAQ:PTC)

Prescott Group Capital Management L.L.C. acquired a new position in PTC Inc. (NASDAQ:PTC – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the technology company’s stock, valued at approximately $480,000.

Other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC bought a new position in shares of PTC in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in PTC by 1,527.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the technology company’s stock worth $37,000 after acquiring an additional 336 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in PTC in the 1st quarter worth approximately $50,000. Neo Ivy Capital Management increased its holdings in PTC by 157.9% in the 3rd quarter. Neo Ivy Capital Management now owns 490 shares of the technology company’s stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in PTC by 444.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 528 shares of the technology company’s stock worth $48,000 after acquiring an additional 431 shares in the last quarter. Institutional investors own 86.79% of the company’s stock.

PTC Stock Up 0.2 %

Shares of PTC stock traded up $0.21 during trading on Friday, hitting $131.14. 416,030 shares of the stock traded hands, compared to its average volume of 704,816. The firm has a market cap of $15.52 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 2.84 and a beta of 1.19. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.76. PTC Inc. has a 52-week low of $97.97 and a 52-week high of $139.91. The stock’s fifty day simple moving average is $126.74 and its 200 day simple moving average is $126.61.

Insider Activity

In other PTC news, Director Blake D. Moret sold 20,000 shares of PTC stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $126.76, for a total value of $2,535,200.00. Following the transaction, the director now owns 7,385,064 shares in the company, valued at $936,130,712.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Blake D. Moret sold 20,100 shares of the business’s stock in a transaction dated Friday, April 14th. The stock was sold at an average price of $127.91, for a total transaction of $2,570,991.00. Following the sale, the director now owns 6,955,732 shares in the company, valued at $889,707,680.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Blake D. Moret sold 20,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $126.76, for a total value of $2,535,200.00. Following the sale, the director now owns 7,385,064 shares in the company, valued at approximately $936,130,712.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 590,190 shares of company stock worth $75,049,317. Company insiders own 8.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PTC. Robert W. Baird increased their price objective on shares of PTC from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, January 26th. KeyCorp increased their price objective on shares of PTC from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Barclays increased their price objective on shares of PTC from $150.00 to $152.00 in a report on Thursday, April 27th. JPMorgan Chase & Co. increased their price objective on shares of PTC from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Finally, Royal Bank of Canada increased their price objective on shares of PTC from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.50.

PTC Profile

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PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.