Massmutual Trust Co. FSB ADV Acquires 176 Shares of PTC Inc. (NASDAQ:PTC)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of PTC Inc. (NASDAQ:PTC) by 98.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354 shares of the technology company’s stock after acquiring an additional 176 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in PTC were worth $64,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after purchasing an additional 91 shares during the last quarter. Riverview Trust Co acquired a new position in PTC during the first quarter valued at approximately $34,000. Principal Securities Inc. acquired a new position in PTC during the fourth quarter valued at approximately $46,000. Crewe Advisors LLC acquired a new position in PTC during the first quarter valued at approximately $94,000. Finally, Van ECK Associates Corp grew its holdings in PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock valued at $92,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Up 0.5 %

PTC stock traded up $0.92 during midday trading on Tuesday, reaching $169.10. The stock had a trading volume of 995,042 shares, compared to its average volume of 846,294. The business has a fifty day simple moving average of $177.24 and a two-hundred day simple moving average of $180.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 71.49, a PEG ratio of 3.30 and a beta of 1.18. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24.

Insider Buying and Selling

In other news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Michael Ditullio sold 6,592 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the transaction, the chief operating officer now directly owns 53,148 shares in the company, valued at approximately $9,734,056.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The disclosure for this sale can be found here. Insiders sold a total of 15,846 shares of company stock worth $2,854,951 over the last three months. 1.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays increased their price target on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Robert W. Baird raised their target price on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Citigroup reduced their target price on PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Mizuho reaffirmed a “neutral” rating and issued a $190.00 target price (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Finally, Piper Sandler raised their target price on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.18.

PTC Company Profile

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.