FORA Capital LLC Lowers Holdings in PTC Inc. (NASDAQ:PTC)

FORA Capital LLC lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 59.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,897 shares of the technology company's stock after selling 14,296 shares during the quarter. FORA Capital LLC's holdings in PTC were worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its holdings in shares of PTC by 24.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 319,048 shares of the technology company's stock valued at $58,663,000 after acquiring an additional 62,138 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of PTC by 6.7% during the fourth quarter. Deutsche Bank AG now owns 691,998 shares of the technology company's stock valued at $127,238,000 after acquiring an additional 43,416 shares in the last quarter. Daventry Group LP raised its holdings in shares of PTC by 3.0% during the fourth quarter. Daventry Group LP now owns 170,344 shares of the technology company's stock valued at $31,321,000 after acquiring an additional 4,988 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of PTC by 6.6% during the fourth quarter. Cetera Investment Advisers now owns 5,794 shares of the technology company's stock valued at $1,065,000 after acquiring an additional 358 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in PTC in the fourth quarter worth $944,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of the firm's 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 transaction, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated 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 in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

PTC Stock Performance

Shares of PTC stock traded up $0.45 during trading on Tuesday, hitting $170.96. 1,047,260 shares of the company's stock traded hands, compared to its average volume of 875,023. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $203.09. The stock has a market capitalization of $20.51 billion, a P/E ratio of 52.77, a PEG ratio of 2.27 and a beta of 1.19. The business has a 50-day simple moving average of $153.70 and a 200-day simple moving average of $174.36.

PTC (NASDAQ:PTC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company had revenue of $636.37 million for the quarter, compared to analysts' expectations of $608.64 million. During the same period last year, the firm posted $1.46 earnings per share. PTC's revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent research reports. StockNews.com raised PTC from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Barclays cut their target price on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Piper Sandler cut their target price on PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Citigroup cut their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $187.15.

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.