Amalgamated Bank Has $4.06 Million Stock Holdings in PTC Inc. $PTC

Amalgamated Bank trimmed its stake in shares of PTC Inc. (NASDAQ:PTC) by 4.9% in the second quarter, Holdings Channel.com reports. The firm owned 23,580 shares of the technology company’s stock after selling 1,225 shares during the quarter. Amalgamated Bank’s holdings in PTC were worth $4,064,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of PTC by 18.3% in the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock valued at $131,000 after purchasing an additional 131 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of PTC by 35.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,678 shares of the technology company’s stock valued at $4,942,000 after purchasing an additional 7,546 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of PTC by 18.5% in the 2nd quarter. ARK Investment Management LLC now owns 19,024 shares of the technology company’s stock valued at $3,279,000 after purchasing an additional 2,965 shares during the last quarter. M&T Bank Corp boosted its stake in shares of PTC by 8.2% in the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 724 shares during the last quarter. Finally, Bright Rock Capital Management LLC bought a new stake in shares of PTC in the 2nd quarter valued at $2,154,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Up 0.6%

Shares of NASDAQ PTC opened at $198.54 on Monday. The firm has a market cap of $23.78 billion, a PE ratio of 46.83, a P/E/G ratio of 1.90 and a beta of 1.14. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company’s fifty day simple moving average is $205.49 and its 200 day simple moving average is $188.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $216.29, for a total transaction of $429,984.52. Following the transaction, the executive vice president owned 15,743 shares in the company, valued at approximately $3,405,053.47. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PTC has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Stifel Nicolaus upped their price objective on shares of PTC from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $227.00 price objective on shares of PTC in a research note on Thursday. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Finally, Barclays set a $233.00 target price on shares of PTC in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.31.

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.