Livforsakringsbolaget Skandia Omsesidigt Has $77,000 Position in PTC Inc. (NASDAQ:PTC)

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 97.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500 shares of the technology company's stock after selling 20,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in PTC were worth $77,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after buying an additional 9,893 shares during the last quarter. Proficio Capital Partners LLC bought a new position in PTC in the 4th quarter valued at about $8,858,000. Avantax Advisory Services Inc. bought a new stake in shares of PTC during the fourth quarter worth approximately $223,000. Jones Financial Companies Lllp boosted its holdings in shares of PTC by 1,140.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after acquiring an additional 422 shares during the period. Finally, Choreo LLC acquired a new position in shares of PTC in the fourth quarter valued at approximately $364,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 0.2%

PTC stock traded down $0.33 during mid-day trading on Thursday, reaching $170.67. The company had a trading volume of 147,835 shares, compared to its average volume of 877,099. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $159.13 and a two-hundred day simple moving average of $171.47. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a market capitalization of $20.47 billion, a price-to-earnings ratio of 52.68, a PEG ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Piper Sandler lowered their price objective on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price target on shares of PTC in a report on Thursday, May 1st. BMO Capital Markets upped their price objective on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $188.69.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

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.