PTC Inc. (NASDAQ:PTC) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,334 shares of the technology company's stock after selling 6,260 shares during the period. Mercer Global Advisors Inc. ADV's holdings in PTC were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

PTC Stock Down 0.3%

PTC stock traded down $0.51 during midday trading on Thursday, hitting $168.62. 120,068 shares of the company's stock were exchanged, compared to its average volume of 873,000. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $20.23 billion, a PE ratio of 52.10, a P/E/G ratio of 2.27 and a beta of 1.19. The firm has a 50-day moving average of $155.59 and a two-hundred day moving average of $173.81. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping 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 firm had revenue of $636.37 million during the quarter, compared to analysts' expectations of $608.64 million. During the same quarter in the prior year, the company earned $1.46 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. KeyCorp decreased their price target on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research note on Tuesday. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Thursday, May 1st. Stifel Nicolaus cut their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Piper Sandler reduced their price target on shares of PTC from $202.00 to $180.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $187.15.

Insider Buying and Selling

In related 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 transaction of $96,739.66. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the business's 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 completion of the transaction, the executive vice president now owns 17,731 shares of the company's stock, valued at $2,836,960. This represents 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 currently owned by insiders.

About PTC

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.