PTC Inc. (NASDAQ:PTC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in PTC Inc. (NASDAQ:PTC - Free Report) by 72.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,698 shares of the technology company's stock after selling 17,445 shares during the period. SG Americas Securities LLC's holdings in PTC were worth $1,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of PTC in the 4th quarter valued at about $30,000. Allworth Financial LP lifted its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in PTC during the 4th quarter worth approximately $47,000. Kapitalo Investimentos Ltda acquired a new position in PTC during the 4th quarter worth approximately $51,000. Finally, UMB Bank n.a. lifted its position in PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company's stock worth $46,000 after acquiring an additional 178 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business's stock in a transaction that occurred 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 now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

PTC Stock Down 0.6%

Shares of PTC stock traded down $0.96 on Thursday, hitting $166.57. 728,219 shares of the company's stock traded hands, compared to its average volume of 884,877. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. 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 $19.98 billion, a P/E ratio of 45.76, a PEG ratio of 2.28 and a beta of 1.18. The firm's 50-day moving average is $161.84 and its 200 day moving average is $170.43.

PTC (NASDAQ:PTC - Get Free Report) last issued 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. PTC had a return on equity of 15.35% and a net margin of 18.77%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same period in the previous year, the business earned $1.46 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays reduced their price target on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen lowered PTC from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Oppenheimer reissued a "cautious" rating on shares of PTC in a research report on Thursday, June 12th. Finally, KeyCorp reduced 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $188.69.

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.