PTC Inc. (NASDAQ:PTC) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 813,201 shares of the technology company's stock after selling 109,255 shares during the quarter. PTC accounts for approximately 5.8% of Ownership Capital B.V.'s holdings, making the stock its 6th biggest holding. Ownership Capital B.V. owned 0.68% of PTC worth $126,005,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake 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 valued at $84,000 after acquiring an additional 422 shares during the last quarter. Assetmark Inc. boosted its stake in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares during the last quarter. Atria Investments Inc boosted its stake in PTC by 10.5% in the 4th quarter. Atria Investments Inc now owns 2,714 shares of the technology company's stock worth $499,000 after buying an additional 259 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in PTC in the 4th quarter worth about $8,858,000. Finally, PNC Financial Services Group Inc. boosted its stake in PTC by 6.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,799 shares of the technology company's stock worth $1,802,000 after buying an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PTC shares. Stifel Nicolaus cut their price objective on PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. KeyCorp restated an "overweight" rating and issued a $192.00 price objective (up from $185.00) on shares of PTC in a report on Monday. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price objective (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. BMO Capital Markets raised their price objective on PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Barclays cut their price objective on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, PTC has a consensus rating of "Hold" and a consensus target price of $189.23.

PTC Stock Down 0.6%

Shares of NASDAQ:PTC traded down $1.08 during mid-day trading on Friday, hitting $193.51. 2,369,965 shares of the company traded hands, compared to its average volume of 930,923. The firm has a market cap of $23.21 billion, a P/E ratio of 53.16, a PEG ratio of 2.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 0.99. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $213.14. The firm's 50 day simple moving average is $170.59 and its 200 day simple moving average is $168.06.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 15.35% and a net margin of 18.77%. The company 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 business earned $1.46 EPS. PTC's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Insider Transactions at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 in the company, valued at $2,836,960. The trade was a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

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.