Public Employees Retirement System of Ohio Has $8.04 Million Holdings in PTC Inc. (NASDAQ:PTC)

Public Employees Retirement System of Ohio reduced its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,713 shares of the technology company's stock after selling 2,901 shares during the quarter. Public Employees Retirement System of Ohio's holdings in PTC were worth $8,038,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in PTC in the 4th quarter valued at approximately $30,000. Allworth Financial LP increased its position in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of PTC during the 4th quarter valued at $51,000. Assetmark Inc. increased its position in shares of PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after purchasing an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PTC during the 4th quarter valued at $77,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTC has been the topic of several research analyst reports. Citigroup lowered their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 price target (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. KeyCorp lowered their price target on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets lifted their price target on PTC from $183.00 to $187.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen cut PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $187.15.

Insider Transactions at PTC

In other news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC 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 directly owns 17,731 shares of the company's stock, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

PTC Price Performance

Shares of PTC traded up $0.16 during trading hours on Friday, hitting $168.09. 1,902,224 shares of the company were exchanged, compared to its average volume of 880,900. The company 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 firm has a fifty day simple moving average of $156.76 and a 200-day simple moving average of $172.56. 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 issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. The business had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. PTC's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. As a group, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.