Robocap Asset Management Ltd Has $3.44 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Robocap Asset Management Ltd lowered its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,172 shares of the technology company's stock after selling 3,536 shares during the period. PTC makes up 2.6% of Robocap Asset Management Ltd's portfolio, making the stock its 19th biggest position. Robocap Asset Management Ltd's holdings in PTC were worth $3,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new position in PTC in the 1st quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the 4th quarter valued at $30,000. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 178 shares during the period. Pinney & Scofield Inc. purchased a new position in PTC in the fourth quarter worth about $47,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of PTC in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $160.00 price target (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. BMO Capital Markets raised their price target on shares of PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Mizuho decreased their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Robert W. Baird increased their price objective on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Piper Sandler cut their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Hold" and a consensus price target of $189.23.

PTC Stock Performance

PTC stock traded up $31.57 during trading hours on Wednesday, reaching $210.47. 4,171,618 shares of the company were exchanged, compared to its average volume of 903,319. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $216.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of 57.82, a PEG ratio of 2.46 and a beta of 1.17. The stock has a 50-day moving average of $168.71 and a 200 day moving average of $167.70.

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

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was 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 in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is 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.