Assenagon Asset Management S.A. Sells 161,660 Shares of PTC Inc. (NASDAQ:PTC)

Assenagon Asset Management S.A. lowered its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,261 shares of the technology company's stock after selling 161,660 shares during the period. Assenagon Asset Management S.A. owned 0.07% of PTC worth $14,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in PTC by 6.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 3,476 shares of the technology company's stock valued at $495,000 after acquiring an additional 213 shares in the last quarter. Metis Global Partners LLC boosted its stake in PTC by 24.4% in the third quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company's stock valued at $819,000 after acquiring an additional 1,133 shares in the last quarter. Wellington Management Group LLP boosted its stake in PTC by 153.9% in the third quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company's stock valued at $15,775,000 after acquiring an additional 67,493 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of PTC by 3.7% during the fourth quarter. Nordea Investment Management AB now owns 8,918 shares of the technology company's stock worth $1,562,000 after buying an additional 320 shares during the period. Finally, Czech National Bank boosted its stake in shares of PTC by 64.7% during the third quarter. Czech National Bank now owns 20,769 shares of the technology company's stock worth $2,943,000 after buying an additional 8,160 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded down $0.77 during mid-day trading on Friday, reaching $188.94. The company had a trading volume of 551,789 shares, compared to its average volume of 771,974. PTC Inc. has a 1 year low of $120.62 and a 1 year high of $194.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $22.59 billion, a P/E ratio of 95.91, a P/E/G ratio of 3.37 and a beta of 1.17. The stock's 50-day simple moving average is $182.89 and its 200-day simple moving average is $164.35.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The business had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. On average, equities analysts predict that PTC Inc. will post 3.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PTC shares. Rosenblatt Securities increased their target price on shares of PTC from $166.00 to $195.00 and gave the stock a "buy" rating in a research note on Thursday, February 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Piper Sandler increased their target price on shares of PTC from $155.00 to $177.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 9th. Robert W. Baird increased their target price on shares of PTC from $200.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Finally, Mizuho increased their price target on shares of PTC from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $191.82.

Insider Buying and Selling at PTC

In other PTC news, insider Catherine Kniker sold 1,330 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares of the company's stock, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company's stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock valued at $6,457,478 in the last ninety days. Company insiders own 1.17% 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.