Lbp Am Sa Has $13.15 Million Stake in PTC Inc. (NASDAQ:PTC)

LBP AM SA trimmed its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,890 shares of the technology company's stock after selling 3,325 shares during the period. LBP AM SA owned 0.07% of PTC worth $13,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC in the fourth quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of PTC in the fourth quarter valued at approximately $47,000. Kapitalo Investimentos Ltda acquired a new stake in shares of PTC in the fourth quarter valued at approximately $51,000. Finally, UMB Bank n.a. raised its position in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after buying an additional 178 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on PTC. Piper Sandler lowered their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Oppenheimer restated a "cautious" rating on shares of PTC in a research report on Thursday, June 12th. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Mizuho lowered their price objective on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays lowered their price objective on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $189.23.

PTC Price Performance

Shares of NASDAQ PTC traded down $1.08 during midday trading on Friday, reaching $193.51. 2,369,965 shares of the company were exchanged, compared to its average volume of 930,923. 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 one year low of $133.38 and a one year high of $213.14. The stock has a market cap of $23.21 billion, a P/E ratio of 53.16, a PEG ratio of 2.68 and a beta of 1.17. The stock's 50-day moving average price is $171.26 and its 200-day moving average price is $168.11.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a net margin of 18.77% and a return on equity of 15.35%. The company had revenue of $636.37 million for the quarter, compared to analysts' expectations of $608.64 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. PTC's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president owned 17,731 shares of the company's stock, valued at $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC 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.