Janney Capital Management LLC Has $394,000 Stock Holdings in PTC Inc. (NASDAQ:PTC)

Janney Capital Management LLC cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 20.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,183 shares of the technology company’s stock after selling 566 shares during the period. Janney Capital Management LLC’s holdings in PTC were worth $394,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PTC. Wealth Enhancement Advisory Services LLC lifted its position in shares of PTC by 61.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,658 shares of the technology company’s stock valued at $1,069,000 after buying an additional 2,144 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of PTC by 20.2% in the first quarter. First Trust Direct Indexing L.P. now owns 2,160 shares of the technology company’s stock valued at $408,000 after buying an additional 363 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of PTC by 2.6% in the first quarter. Commonwealth Equity Services LLC now owns 3,609 shares of the technology company’s stock valued at $682,000 after buying an additional 93 shares during the last quarter. Norden Group LLC lifted its position in shares of PTC by 41.2% in the first quarter. Norden Group LLC now owns 4,591 shares of the technology company’s stock valued at $867,000 after buying an additional 1,339 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of PTC by 0.8% in the first quarter. Retirement Systems of Alabama now owns 26,387 shares of the technology company’s stock valued at $4,986,000 after buying an additional 198 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, Director Robert Schechter sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now owns 59,616 shares of the company’s stock, valued at approximately $10,237,855.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $1,714,010 in the last three months. Corporate insiders own 1.17% of the company’s stock.

PTC Price Performance

Shares of NASDAQ PTC opened at $185.03 on Monday. The stock has a market capitalization of $22.23 billion, a PE ratio of 75.52, a P/E/G ratio of 2.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day moving average price of $178.53 and a two-hundred day moving average price of $177.82. PTC Inc. has a fifty-two week low of $135.16 and a fifty-two week high of $194.24.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PTC. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird raised their price objective on PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their price target on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and dropped their price target for the stock from $210.00 to $196.00 in a report on Friday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $200.67.

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.