Hantz Financial Services Inc. Sells 626 Shares of PTC Inc. (NASDAQ:PTC)

Hantz Financial Services Inc. trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,299 shares of the technology company’s stock after selling 626 shares during the quarter. Hantz Financial Services Inc.’s holdings in PTC were worth $9,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PTC. Covestor Ltd raised its holdings in shares of PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after acquiring an additional 80 shares in the last quarter. Brooklyn Investment Group purchased a new position in PTC in the third quarter valued at about $66,000. Park Place Capital Corp purchased a new position in PTC in the third quarter valued at about $67,000. Blue Trust Inc. grew its stake in PTC by 473.9% in the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after purchasing an additional 654 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in PTC in the third quarter valued at about $152,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was 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 valued at $3,630,716 over the last quarter. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

PTC Trading Down 1.0 %

PTC stock opened at $189.08 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The stock has a 50-day moving average price of $191.14 and a 200 day moving average price of $183.30.

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.