5,028 Shares in PTC Inc. (NASDAQ:PTC) Bought by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new stake in PTC Inc. (NASDAQ:PTC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,028 shares of the technology company’s stock, valued at approximately $913,000. PTC comprises 0.7% of Ground Swell Capital LLC’s portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of PTC by 1,409.3% in the 4th quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after acquiring an additional 1,569,081 shares during the last quarter. Twin Focus Capital Partners LLC bought a new position in PTC in the fourth quarter valued at about $177,081,000. Norges Bank acquired a new stake in shares of PTC during the fourth quarter valued at about $114,043,000. Balyasny Asset Management L.P. grew its holdings in shares of PTC by 173.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after purchasing an additional 344,853 shares during the last quarter. Finally, Matrix Capital Management Company LP bought a new position in PTC in the 1st quarter valued at approximately $56,076,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PTC Trading Down 0.5 %

Shares of PTC stock opened at $166.94 on Wednesday. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. 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 stock has a 50 day simple moving average of $175.59 and a two-hundred day simple moving average of $179.08. The company has a market cap of $20.06 billion, a P/E ratio of 69.85, a PEG ratio of 3.07 and a beta of 1.18.

Insider Activity

In related news, Director Robert Schechter sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the transaction, the director now directly owns 59,616 shares of the company’s stock, valued at $10,237,855.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert Schechter sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the sale, the director now directly owns 59,616 shares of the company’s stock, valued at approximately $10,237,855.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $2,431,330 in the last quarter. 1.17% of the stock is owned by corporate insiders.

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.