First Trust Advisors LP Has $8.83 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

First Trust Advisors LP cut its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,019 shares of the technology company's stock after selling 58,127 shares during the period. First Trust Advisors LP's holdings in PTC were worth $8,829,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of PTC by 5.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock valued at $39,212,000 after buying an additional 9,893 shares during the period. JPMorgan Chase & Co. lifted its position in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after acquiring an additional 135,677 shares during the period. Oak Thistle LLC acquired a new stake in shares of PTC during the 4th quarter worth approximately $1,113,000. Proficio Capital Partners LLC bought a new stake in shares of PTC during the fourth quarter valued at approximately $8,858,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of PTC in the fourth quarter valued at $223,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PTC. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 price target (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Barclays cut their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup dropped their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Mizuho decreased their price target on PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $204.00 price objective on shares of PTC in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $187.15.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company's stock.

PTC Price Performance

Shares of PTC stock traded up $3.75 during trading hours on Friday, reaching $160.09. 852,238 shares of the company were exchanged, compared to its average volume of 876,414. 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 company has a market cap of $19.26 billion, a price-to-earnings ratio of 49.41, a P/E/G ratio of 2.27 and a beta of 1.17. The stock's fifty day moving average is $153.56 and its two-hundred day moving average is $175.54. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09.

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, beating analysts' consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.