Mn Services Vermogensbeheer B.V. Sells 3,400 Shares of PTC Inc. (NASDAQ:PTC)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 7.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,200 shares of the technology company's stock after selling 3,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PTC were worth $6,694,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PTC. Fifth Third Bancorp raised its stake in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company's stock worth $517,000 after purchasing an additional 473 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of PTC during the 4th quarter worth $8,858,000. Avantax Advisory Services Inc. bought a new stake in PTC in the fourth quarter worth about $223,000. Finally, Jones Financial Companies Lllp raised its position in PTC by 1,140.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company's stock worth $84,000 after acquiring an additional 422 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction 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 transaction, the executive vice president now owns 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PTC. KeyCorp lowered their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Thursday, May 1st. Barclays lowered their target price on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price target (down previously from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Finally, Mizuho lowered 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, PTC currently has an average rating of "Hold" and a consensus target price of $188.69.

PTC Price Performance

NASDAQ PTC traded down $0.96 during trading on Wednesday, reaching $166.57. The company's stock had a trading volume of 728,219 shares, compared to its average volume of 884,876. The stock has a market capitalization of $19.98 billion, a PE ratio of 45.76, a P/E/G ratio of 2.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average of $161.49 and a 200 day moving average of $170.45. PTC Inc. has a one year low of $133.38 and a one year high of $203.09.

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 for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.46 earnings per share. Analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.