AIA Group Ltd Purchases 141 Shares of PTC Inc. (NASDAQ:PTC)

AIA Group Ltd increased its position in PTC Inc. (NASDAQ:PTC) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,899 shares of the technology company’s stock after purchasing an additional 141 shares during the quarter. AIA Group Ltd’s holdings in PTC were worth $682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in PTC by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after acquiring an additional 859,227 shares in the last quarter. Norges Bank bought a new stake in PTC during the 4th quarter valued at $48,590,000. Select Equity Group L.P. bought a new stake in PTC during the 1st quarter valued at $43,148,000. Barclays PLC boosted its position in PTC by 67.0% during the 3rd quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock valued at $97,975,000 after acquiring an additional 277,358 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in PTC during the 3rd quarter valued at $39,054,000. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other PTC news, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock valued at $6,457,478 over the last quarter. 1.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PTC has been the subject of several analyst reports. Oppenheimer increased their price objective on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Piper Sandler increased their price objective on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $200.00 in a report on Thursday, January 4th. Barclays increased their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price objective on shares of PTC in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.73.

PTC Trading Up 0.4 %

PTC stock opened at $176.37 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 89.53, a price-to-earnings-growth ratio of 3.14 and a beta of 1.17. The stock has a 50-day moving average price of $183.49 and a 200 day moving average price of $168.64.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million during the quarter, compared to the consensus estimate of $538.59 million. Sell-side analysts anticipate that PTC Inc. will post 3.47 EPS for the current year.

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.