PTC Inc. (NASDAQ:PTC) Shares Acquired by Mirabella Financial Services
Mirabella Financial Services LLP recently made headlines by significantly increasing its stake in PTC Inc. (NASDAQ:PTC) by 542.2% during the third quarter, according to the latest 13F filing with the SEC. The firm now holds 20,686 shares of PTC, with an estimated value of $3,640,000 based on their most recent filing.
Interestingly, Mirabella Financial Services LLP isn’t the only one diving into PTC. Other institutional investors and hedge funds have also been actively buying and selling shares of PTC. For example, Fisher Asset Management LLC boosted its holdings by 27.1% in the third quarter, while Daiwa Securities Group Inc. added 86.8% more to their positions. Westfield Capital Management Co. LP, Swedbank AB, and Cerity Partners LLC also saw increases in their holdings of PTC during this period.
In insider news, CAO Alice Christenson recently sold 1,703 shares of PTC stock, making a significant impact with a 67.23% decrease in her position. The stock was sold at an average price of $193.20, totaling $329,019.60. As of now, corporate insiders own approximately 1.17% of PTC’s stock.
Looking at the stock performance, PTC opened at $197.64 on Monday, showing a 50-day simple moving average of $184.36 and a 200-day simple moving average of $179.29. The company has a market capitalization of $23.74 billion, with a P/E ratio of 63.55 and a beta of 1.17. PTC’s stock has ranged from a 1-year low of $153.11 to a high of $199.48.
In terms of analyst sentiment, various equity analysts have recently shared their perspectives on PTC. Piper Sandler increased their price target for PTC from $182.00 to $202.00, while Rosenblatt Securities reaffirmed a “buy” rating with a price target of $195.00. Overall, the consensus rating for PTC is a “Moderate Buy” with an average price target of $204.83.
PTC Inc. is a software company operating globally, with a focus on product development lifecycle management and Industrial Internet of Things solutions. The company’s suite of software tools includes Windchill for product development management and ThingWorx for Industrial IoT applications. Additionally, ServiceMax offers field service management solutions to optimize asset uptime for companies across various industries.
