PTC Inc. (NASDAQ:PTC) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its position in PTC Inc. (NASDAQ:PTC - Free Report) by 70.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 579 shares of the technology company's stock after selling 1,380 shares during the period. Penserra Capital Management LLC's holdings in PTC were worth $89,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC in the 4th quarter worth $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of PTC in the 1st quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new position in shares of PTC in the 4th quarter valued at about $47,000. Kapitalo Investimentos Ltda purchased a new position in shares of PTC in the 4th quarter valued at about $51,000. Finally, UMB Bank n.a. increased its holdings 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 valued at $46,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC opened at $193.51 on Friday. The company's 50 day simple moving average is $171.26 and its 200 day simple moving average is $167.97. 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 1 year low of $133.38 and a 1 year high of $213.14. The stock has a market capitalization of $23.21 billion, a PE ratio of 53.16, a P/E/G ratio of 2.66 and a beta of 1.17.

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 for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. The firm 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 was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Insider Activity 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 transaction of $318,080.00. Following the transaction, the executive vice president directly owned 17,731 shares of the company's stock, valued at approximately $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

PTC has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on shares of PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho cut their price target on shares of PTC from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. KeyCorp reiterated an "overweight" rating and issued a $192.00 price target (up previously from $185.00) on shares of PTC in a report on Monday, July 7th. Oppenheimer restated a "cautious" rating on shares of PTC in a report on Thursday, June 12th. Finally, Stifel Nicolaus dropped their target price on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $189.23.

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.

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