PTC Inc. (NASDAQ:PTC) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in PTC Inc. by 13.1%, selling 10,653 shares to own 70,593 shares valued at approximately $10.9 million.
• Several institutional investors have increased their holdings in PTC, with Mirae Asset Global Investments Co. Ltd. raising its stake by 20.4% in the same quarter.
• Analysts have varied opinions on PTC, with Mizuho lowering their price target to $160 while Oppenheimer increased theirs to $240, contributing to a consensus rating of "Moderate Buy" and an average target price of $202.14.

Natixis Advisors LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,593 shares of the technology company's stock after selling 10,653 shares during the quarter. Natixis Advisors LLC owned 0.06% of PTC worth $10,938,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PTC. Bartlett & CO. Wealth Management LLC bought a new position in shares of PTC during the 1st quarter worth approximately $26,000. Motco bought a new position in shares of PTC during the 1st quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd purchased a new position in PTC in the fourth quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PTC during the 1st quarter valued at $33,000. Finally, UMB Bank n.a. increased its holdings in PTC by 153.4% in the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president directly owned 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on PTC. Stifel Nicolaus increased their target price on shares of PTC from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on PTC from $185.00 to $191.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. UBS Group reiterated a "buy" rating on shares of PTC in a research report on Tuesday, July 29th. Royal Bank Of Canada raised their target price on shares of PTC from $224.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of PTC in a research note on Tuesday, July 29th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $202.14.

PTC Stock Performance

PTC traded down $1.62 during trading on Tuesday, hitting $214.79. 1,054,903 shares of the stock were exchanged, compared to its average volume of 1,640,173. The firm has a market capitalization of $25.73 billion, a P/E ratio of 50.66, a PEG ratio of 2.26 and a beta of 1.17. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69. The stock has a fifty day moving average price of $182.23 and a two-hundred day moving average price of $169.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%. The business had revenue of $643.94 million during the quarter, compared to analysts' expectations of $582.12 million. During the same period last year, the firm earned $0.98 EPS. The company's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share 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.