Oregon Public Employees Retirement Fund Acquires 3,264 Shares of PTC Inc. $PTC

Oregon Public Employees Retirement Fund lifted its stake in PTC Inc. (NASDAQ:PTC) by 31.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,651 shares of the technology company’s stock after acquiring an additional 3,264 shares during the period. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $2,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PTC. SJS Investment Consulting Inc. grew its position in PTC by 2,257.1% during the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after buying an additional 158 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after acquiring an additional 207 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of PTC during the second quarter worth $53,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of PTC in the 2nd quarter valued at approximately $61,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PTC shares. Rosenblatt Securities cut their price target on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Piper Sandler lowered their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of PTC in a report on Monday, December 29th. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.92.

PTC Trading Down 0.1%

Shares of PTC stock opened at $171.43 on Tuesday. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.86 and a beta of 1.01. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The company’s 50-day moving average price is $175.56 and its 200-day moving average price is $193.00. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. The company had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of PTC stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the sale, the executive vice president owned 22,461 shares in the company, valued at $3,925,958.19. This represents a 21.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,277 shares of company stock valued at $10,624,076 in the last three months. 0.29% of the stock is currently owned by corporate insiders.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.