Kintegral Advisory LLC Trims Stock Holdings in PTC Inc. (NASDAQ:PTC)

Kintegral Advisory LLC cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,381 shares of the technology company's stock after selling 1,659 shares during the quarter. Kintegral Advisory LLC's holdings in PTC were worth $524,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its stake in PTC by 6.0% in the first quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock valued at $4,023,000 after purchasing an additional 1,468 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of PTC by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 64,961 shares of the technology company's stock worth $10,066,000 after acquiring an additional 723 shares in the last quarter. Leeward Investments LLC MA increased its stake in PTC by 15.1% in the first quarter. Leeward Investments LLC MA now owns 73,030 shares of the technology company's stock valued at $11,316,000 after acquiring an additional 9,563 shares during the last quarter. D.A. Davidson & CO. raised its position in PTC by 1.9% during the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company's stock valued at $582,000 after purchasing an additional 70 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in PTC by 1,465.2% during the first quarter. Teacher Retirement System of Texas now owns 17,593 shares of the technology company's stock valued at $2,726,000 after purchasing an additional 16,469 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

PTC Stock Up 1.0%

NASDAQ:PTC traded up $1.82 on Friday, hitting $175.13. The stock had a trading volume of 468,442 shares, compared to its average volume of 893,104. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The business's fifty day moving average is $167.75 and its 200 day moving average is $167.99. The company has a market cap of $21.01 billion, a PE ratio of 48.11, a P/E/G ratio of 2.41 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. PTC had a return on equity of 15.35% and a net margin of 18.77%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president directly owned 17,731 shares of the company's stock, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Barclays cut their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho dropped their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Finally, KeyCorp reduced their target price on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, PTC currently has a consensus rating of "Hold" and a consensus target price of $188.69.

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.