Union Bancaire Privee UBP SA Takes Position in PTC Inc. (NASDAQ:PTC)

Union Bancaire Privee UBP SA bought a new stake in PTC Inc. (NASDAQ:PTC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,444 shares of the technology company’s stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board raised its holdings in PTC by 80.7% in the second quarter. Public Sector Pension Investment Board now owns 4,674 shares of the technology company’s stock valued at $849,000 after acquiring an additional 2,087 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in PTC in the second quarter valued at $2,185,000. Creative Planning raised its holdings in PTC by 20.5% in the second quarter. Creative Planning now owns 5,185 shares of the technology company’s stock valued at $942,000 after acquiring an additional 882 shares in the last quarter. NewEdge Advisors LLC raised its holdings in PTC by 1,633.3% in the second quarter. NewEdge Advisors LLC now owns 8,736 shares of the technology company’s stock valued at $1,587,000 after acquiring an additional 8,232 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in PTC by 388.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 46,593 shares of the technology company’s stock valued at $8,464,000 after acquiring an additional 37,045 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 directly owns 6,843 shares in the company, valued at $1,368,600. This represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock worth $3,630,716 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Robert W. Baird increased their target price on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and dropped their target price for the stock from $210.00 to $196.00 in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.54.

PTC Stock Performance

Shares of PTC stock opened at $190.93 on Wednesday. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 61.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The business has a 50 day simple moving average of $191.10 and a 200 day simple moving average of $183.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.78 and a quick ratio of 0.78.

About PTC

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.