Pendal Group Ltd lessened its position in shares of PTC Inc. (NASDAQ:PTC – Get Rating) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,151 shares of the technology company’s stock after selling 13,732 shares during the quarter. Pendal Group Ltd owned approximately 0.12% of PTC worth $16,704,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its position in shares of PTC by 43.5% in the third quarter. Private Trust Co. NA now owns 330 shares of the technology company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of PTC by 1,527.3% in the third quarter. EverSource Wealth Advisors LLC now owns 358 shares of the technology company’s stock valued at $37,000 after purchasing an additional 336 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of PTC in the first quarter valued at about $50,000. Neo Ivy Capital Management boosted its position in PTC by 157.9% during the third quarter. Neo Ivy Capital Management now owns 490 shares of the technology company’s stock worth $51,000 after acquiring an additional 300 shares during the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in PTC during the third quarter worth about $56,000. Institutional investors and hedge funds own 86.79% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on PTC shares. Robert W. Baird boosted their price target on shares of PTC from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Loop Capital boosted their price target on shares of PTC from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. StockNews.com started coverage on shares of PTC in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Citigroup boosted their price target on shares of PTC from $135.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, January 27th. Finally, KeyCorp lifted their target price on shares of PTC from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.55.
PTC Price Performance
PTC stock opened at $121.70 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.43 and a current ratio of 1.43. PTC Inc. has a 1 year low of $96.55 and a 1 year high of $139.91. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company’s 50 day simple moving average is $127.86 and its 200-day simple moving average is $122.01.
PTC (NASDAQ:PTC – Get Rating) last issued its earnings results on Wednesday, February 1st. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). PTC had a net margin of 17.62% and a return on equity of 18.20%. The company had revenue of $465.91 million during the quarter, compared to analyst estimates of $464.43 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts expect that PTC Inc. will post 3.01 earnings per share for the current year.
Insider Activity at PTC
In related news, insider Michael Ditullio sold 2,000 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $130.63, for a total value of $261,260.00. Following the completion of the sale, the insider now owns 63,250 shares in the company, valued at approximately $8,262,347.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Michael Ditullio sold 2,000 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $130.63, for a total value of $261,260.00. Following the completion of the sale, the insider now owns 63,250 shares in the company, valued at approximately $8,262,347.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Blake D. Moret sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $122.43, for a total transaction of $2,448,600.00. Following the completion of the sale, the director now owns 7,245,696 shares of the company’s stock, valued at approximately $887,090,561.28. The disclosure for this sale can be found here. Insiders sold a total of 201,479 shares of company stock worth $25,741,693 in the last 90 days. 8.26% of the stock is owned by insiders.
About PTC
PTC, Inc is a global software company, which engages in the provision of portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. It operates through the Software Products and Professional Services segments. The Software Products segment includes license, subscription, and related support revenue for its products.