Elkfork Partners LLC boosted its stake in shares of PTC Inc (NASDAQ:PTC) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,344 shares of the technology company’s stock after buying an additional 612 shares during the period. Elkfork Partners LLC’s holdings in PTC were worth $386,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PTC. Flinton Capital Management LLC bought a new stake in shares of PTC during the fourth quarter valued at about $147,000. First Mercantile Trust Co. bought a new stake in shares of PTC during the first quarter valued at about $177,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PTC by 10.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,957 shares of the technology company’s stock valued at $220,000 after buying an additional 449 shares during the period. Welch & Forbes LLC increased its position in PTC by 1.2% in the first quarter. Welch & Forbes LLC now owns 5,060 shares of the technology company’s stock valued at $266,000 after buying an additional 60 shares during the period. Finally, Trent Capital Management Inc. NC acquired a new position in PTC during the fourth quarter valued at approximately $281,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.
PTC Inc (PTC) opened at 58.87 on Tuesday. The stock has a 50 day moving average of $54.62 and a 200 day moving average of $52.14. PTC Inc has a 52 week low of $34.68 and a 52 week high of $59.29. The company’s market cap is $6.80 billion.
Several research analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $59.00 price target on shares of PTC in a report on Friday, March 3rd. Seaport Global Securities began coverage on shares of PTC in a research report on Wednesday, March 1st. They set a “buy” rating and a $69.00 price objective on the stock. Griffin Securities lifted their target price on shares of PTC from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Evercore ISI reiterated a “buy” rating and issued a $65.00 target price on shares of PTC in a research report on Thursday, April 20th. Finally, Barclays PLC lifted their target price on shares of PTC from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.93. In related news, EVP Anthony Dibona sold 3,308 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $53.56, for a total transaction of $177,176.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Staats Aaron C. Von sold 8,625 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $54.38, for a total value of $469,027.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,353 shares of company stock valued at $2,080,765. 1.02% of the stock is currently owned by corporate insiders.
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