Impax Asset Management Group plc Has $206.09 Million Position in PTC Inc. (NASDAQ:PTC)

Impax Asset Management Group plc raised its position in PTC Inc. (NASDAQ:PTC) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,141,782 shares of the technology company’s stock after acquiring an additional 48,553 shares during the period. Impax Asset Management Group plc owned about 0.95% of PTC worth $206,091,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its position in shares of PTC by 180.8% in the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock valued at $5,115,000 after acquiring an additional 17,430 shares during the last quarter. Portfolio Design Labs LLC acquired a new position in shares of PTC during the 4th quarter worth approximately $4,316,000. Norges Bank bought a new stake in shares of PTC during the 4th quarter worth approximately $114,043,000. USA Financial Formulas bought a new stake in PTC during the fourth quarter worth $1,355,000. Finally, Swedbank AB acquired a new stake in PTC in the 1st quarter valued at about $9,849,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the transaction, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other PTC news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the sale, the director now owns 48,137 shares of the company’s stock, valued at approximately $8,632,408.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now directly owns 13,902 shares of the company’s stock, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock worth $3,144,130 in the last 90 days. Company insiders own 1.17% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC traded up $0.68 during midday trading on Friday, reaching $169.18. The company’s stock had a trading volume of 28,412 shares, compared to its average volume of 823,901. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $20.33 billion, a P/E ratio of 70.50, a P/E/G ratio of 3.34 and a beta of 1.18. The business’s 50 day moving average price is $176.51 and its two-hundred day moving average price is $179.32. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24.

Wall Street Analysts Forecast Growth

PTC has been the subject of several research analyst reports. Rosenblatt Securities boosted their target price on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Mizuho reissued a “neutral” rating and issued a $190.00 price objective (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. Finally, Piper Sandler increased their price target on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and an average price target of $200.18.

PTC 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.