GTS Securities LLC Has $271,000 Stock Position in PTC Inc. (NASDAQ:PTC)

GTS Securities LLC cut its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 68.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,472 shares of the technology company's stock after selling 3,219 shares during the quarter. GTS Securities LLC's holdings in PTC were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PTC. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC in the fourth quarter worth $30,000. Allworth Financial LP lifted its stake in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of PTC in the fourth quarter worth $51,000. Assetmark Inc. lifted its stake in shares of PTC by 825.0% in the fourth 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. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of PTC in the fourth quarter worth $77,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

PTC Stock Performance

PTC stock traded up $0.16 on Friday, reaching $168.09. 1,902,224 shares of the company were exchanged, compared to its average volume of 880,900. The firm has a market capitalization of $20.16 billion, a PE ratio of 51.88, a PEG ratio of 2.27 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock's fifty day moving average price is $156.76 and its 200 day moving average price is $172.70. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Rosenblatt Securities restated a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. KeyCorp reduced their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus reduced their price objective on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, BMO Capital Markets boosted their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $187.15.

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.