PTC Inc. (NASDAQ:PTC) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,922 shares of the technology company's stock after selling 1,326 shares during the quarter. Rice Hall James & Associates LLC's holdings in PTC were worth $2,932,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of PTC during the fourth quarter worth about $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of PTC during the first quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of PTC during the fourth quarter worth about $47,000. Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the fourth quarter worth about $51,000. Finally, UMB Bank n.a. lifted its position in shares of PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $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.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the sale, the executive vice president owned 17,731 shares of the company's stock, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Up 1.0%

PTC stock traded up $1.94 during mid-day trading on Friday, hitting $198.94. The company had a trading volume of 382,660 shares, compared to its average volume of 932,816. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market cap of $23.86 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 2.64 and a beta of 1.17. The business has a fifty day moving average of $173.83 and a 200 day moving average of $168.34. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $213.14.

PTC (NASDAQ:PTC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. PTC had a net margin of 18.77% and a return on equity of 15.35%. The business had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same period last year, the firm posted $1.46 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Oppenheimer upped their target price on shares of PTC from $190.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday. KeyCorp restated an "overweight" rating and set a $192.00 target price (up from $185.00) on shares of PTC in a research note on Monday, July 7th. Finally, Wall Street Zen lowered shares of PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.92.

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.