Vident Advisory LLC Sells 11,608 Shares of PTC Inc. (NASDAQ:PTC)

Vident Advisory LLC decreased its stake in PTC Inc. (NASDAQ:PTC - Free Report) by 73.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,223 shares of the technology company's stock after selling 11,608 shares during the quarter. Vident Advisory LLC's holdings in PTC were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC during the fourth quarter valued at $30,000. Allworth Financial LP raised its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in PTC in the 4th quarter worth approximately $51,000. Assetmark Inc. boosted its position in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in PTC during the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

PTC has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective 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. Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Mizuho dropped their price objective on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Citigroup cut their price target on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler decreased their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PTC has a consensus rating of "Moderate Buy" and a consensus price target of $187.15.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of the business's stock in a transaction on Monday, March 17th. The shares were 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 approximately $1,182,650.12. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

PTC Stock Performance

PTC stock traded up $0.62 on Thursday, hitting $168.00. The company's stock had a trading volume of 354,094 shares, compared to its average volume of 877,274. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The firm has a market cap of $20.15 billion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $156.53 and a 200-day moving average price of $173.05.

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

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.