PTC Inc. (NASDAQ:PTC) Position Lessened by Ownership Capital B.V.

Ownership Capital B.V. reduced its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 813,201 shares of the technology company's stock after selling 109,255 shares during the quarter. PTC accounts for about 5.8% of Ownership Capital B.V.'s investment portfolio, making the stock its 6th largest position. Ownership Capital B.V. owned 0.68% of PTC worth $126,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PTC. Bartlett & CO. Wealth Management LLC purchased a new stake in PTC during the first quarter valued at about $26,000. Aster Capital Management DIFC Ltd bought a new stake in shares of PTC in the 4th quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock valued at $46,000 after acquiring an additional 178 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in PTC during the 4th quarter valued at $47,000. Finally, Kapitalo Investimentos Ltda bought a new stake in PTC during the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Down 7.5%

Shares of PTC opened at $194.59 on Friday. The stock has a fifty day simple moving average of $170.59 and a two-hundred day simple moving average of $168.06. The company has a market capitalization of $23.34 billion, a PE ratio of 53.46, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. PTC Inc. has a 52-week low of $133.38 and a 52-week 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 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 18.77% and a return on equity of 15.35%. PTC's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. As a group, equities analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PTC. Oppenheimer restated a "cautious" rating on shares of PTC in a research note on Thursday, June 12th. JPMorgan Chase & Co. reissued 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. Mizuho dropped their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen downgraded shares of PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Stifel Nicolaus cut their price objective on PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $189.23.

Insider Buying and Selling at PTC

In other PTC news, 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 sale, the executive vice president directly owned 17,731 shares in the company, valued at $2,836,960. This represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company's stock.

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.

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