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

Nisa Investment Advisors LLC lowered its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 15.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,132 shares of the technology company's stock after selling 3,840 shares during the period. Nisa Investment Advisors LLC's holdings in PTC were worth $3,274,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. M&T Bank Corp increased its position in shares of PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company's stock worth $1,475,000 after buying an additional 724 shares during the period. Argyle Capital Management LLC acquired a new stake in shares of PTC during the first quarter worth $323,000. IFM Investors Pty Ltd increased its position in shares of PTC by 6.0% during the first quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock worth $4,023,000 after buying an additional 1,468 shares during the period. Calamos Advisors LLC increased its position in shares of PTC by 1.1% during the first quarter. Calamos Advisors LLC now owns 64,961 shares of the technology company's stock worth $10,066,000 after buying an additional 723 shares during the period. Finally, Leeward Investments LLC MA increased its position in shares of PTC by 15.1% during the first quarter. Leeward Investments LLC MA now owns 73,030 shares of the technology company's stock worth $11,316,000 after buying an additional 9,563 shares during the period. Institutional investors own 95.14% of the company's stock.

PTC Price Performance

NASDAQ PTC traded down $1.08 on Friday, reaching $193.51. The company had a trading volume of 2,369,965 shares, compared to its average volume of 930,740. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $23.21 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.17. The firm's 50 day moving average price is $171.26 and its 200 day moving average price is $167.97. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $213.14.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PTC. Piper Sandler decreased 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. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price target on shares of PTC in a report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Robert W. Baird lifted their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Mizuho dropped their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, PTC currently has an average rating of "Hold" and a consensus price target of $189.23.

Insider Transactions at PTC

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