PTC Inc. (NASDAQ:PTC) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 60.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 960 shares of the technology company's stock after selling 1,484 shares during the quarter. Union Bancaire Privee UBP SA's holdings in PTC were worth $157,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in PTC in the fourth quarter valued at approximately $30,000. Allworth Financial LP raised its position in PTC by 58.0% in the fourth 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. UMB Bank n.a. lifted its stake 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 during the last quarter. Pinney & Scofield Inc. purchased a new position in shares of PTC during the 4th quarter worth $47,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of PTC during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Stock Down 1.0%

PTC traded down $1.68 on Friday, hitting $169.34. 1,143,604 shares of the company were exchanged, compared to its average volume of 882,318. The firm has a 50-day moving average price of $160.41 and a two-hundred day moving average price of $171.06. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $203.09. The company has a market cap of $20.31 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. On average, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on PTC shares. Stifel Nicolaus lowered their target price on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Thursday, May 1st. Piper Sandler dropped their target price on shares of PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wall Street Zen cut PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. restated 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and an average target price of $188.69.

Insider Buying and Selling 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 value of $318,080.00. Following the transaction, the executive vice president now directly owns 17,731 shares of the company's stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

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.