2,024 Shares in PTC Inc. (NASDAQ:PTC) Bought by Archford Capital Strategies LLC

Archford Capital Strategies LLC acquired a new position in shares of PTC Inc. (NASDAQ:PTC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,024 shares of the technology company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently modified their holdings of PTC. Tributary Capital Management LLC raised its holdings in shares of PTC by 40.2% during the 4th quarter. Tributary Capital Management LLC now owns 6,941 shares of the technology company’s stock valued at $1,276,000 after buying an additional 1,989 shares during the period. Fifth Third Bancorp raised its stake in shares of PTC by 8.5% during the fourth quarter. Fifth Third Bancorp now owns 2,861 shares of the technology company’s stock valued at $526,000 after purchasing an additional 223 shares during the period. SG Americas Securities LLC lifted its position in shares of PTC by 944.7% during the fourth quarter. SG Americas Securities LLC now owns 24,143 shares of the technology company’s stock worth $4,439,000 after purchasing an additional 21,832 shares in the last quarter. Advisory Alpha LLC purchased a new position in shares of PTC in the fourth quarter valued at $253,000. Finally, Nisa Investment Advisors LLC grew its holdings in PTC by 1.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 24,972 shares of the technology company’s stock valued at $4,592,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 0.1 %

NASDAQ PTC opened at $188.96 on Monday. 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 $163.30 and a one year high of $203.09. The company has a 50-day simple moving average of $191.12 and a 200-day simple moving average of $183.14. The firm has a market capitalization of $22.74 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18.

Analysts Set New Price Targets

A number of brokerages have commented on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Stifel Nicolaus increased their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.54.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,242 shares of company stock valued at $3,630,716 over the last quarter. Insiders own 0.32% of the company’s stock.

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.