MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $6.43 Million Stake in PTC Inc. (NASDAQ:PTC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,001 shares of the technology company's stock after selling 3,042 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in PTC were worth $6,434,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTC. Aster Capital Management DIFC Ltd bought a new stake in shares of PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP increased its position in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the period. Kapitalo Investimentos Ltda bought a new stake in shares of PTC during the fourth quarter valued at approximately $51,000. Assetmark Inc. increased its position in shares of PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of PTC during the fourth quarter valued at approximately $77,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the 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 transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of the 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 transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PTC shares. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Thursday, May 1st. Piper Sandler lowered their price target on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price target on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus lowered their price target on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.15.

PTC Price Performance

Shares of PTC stock traded down $4.11 during trading hours on Wednesday, hitting $169.13. 709,924 shares of the company's stock were exchanged, compared to its average volume of 874,285. The stock's 50-day moving average is $155.32 and its 200-day moving average is $173.85. 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 market cap of $20.29 billion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09.

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

About PTC

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.