Mn Services Vermogensbeheer B.V. Acquires 800 Shares of PTC Inc. (NASDAQ:PTC)

Mn Services Vermogensbeheer B.V. increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,600 shares of the technology company’s stock after purchasing an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PTC were worth $8,568,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Covestor Ltd grew its stake in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after acquiring an additional 80 shares in the last quarter. Allworth Financial LP grew its stake in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of PTC during the 3rd quarter worth approximately $66,000. Sentry Investment Management LLC bought a new position in shares of PTC during the 4th quarter worth approximately $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC during the 3rd quarter worth approximately $152,000. 95.14% of the stock is owned by institutional investors.

PTC Trading Up 0.5 %

Shares of PTC stock opened at $163.63 on Friday. The business has a fifty day simple moving average of $179.98 and a two-hundred day simple moving average of $182.89. PTC Inc. has a 1 year low of $160.53 and a 1 year high of $203.09. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Research analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on 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 in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PTC shares. Piper Sandler raised their price target on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price target on shares of PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price objective on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $210.00 to $196.00 in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.09.

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.