PTC Inc. (NASDAQ:PTC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in PTC Inc. (NASDAQ:PTC - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,238,219 shares of the technology company's stock after selling 258,009 shares during the quarter. Impax Asset Management Group plc owned 1.04% of PTC worth $215,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in PTC in the second quarter valued at $25,000. Clear Street Markets LLC boosted its holdings in PTC by 93.5% in the first quarter. Clear Street Markets LLC now owns 207 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Legacy Financial Group LLC bought a new stake in PTC in the third quarter valued at $28,000. International Assets Investment Management LLC bought a new stake in shares of PTC during the 3rd quarter valued at $41,000. Finally, Resources Management Corp CT ADV boosted its holdings in shares of PTC by 4,285.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company's stock valued at $43,000 after buying an additional 300 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PTC

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PTC. JPMorgan Chase & Co. upgraded shares of PTC from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $130.00 to $200.00 in a report on Thursday, January 4th. Royal Bank of Canada restated an "outperform" rating and set a $202.00 target price on shares of PTC in a report on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Rosenblatt Securities boosted their target price on shares of PTC from $166.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 1st. Finally, StockNews.com upgraded shares of PTC from a "hold" rating to a "buy" rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.27.

PTC Stock Performance

PTC traded up $0.73 during midday trading on Tuesday, hitting $187.14. 481,919 shares of the company traded hands, compared to its average volume of 840,172. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $22.37 billion, a PE ratio of 94.99, a price-to-earnings-growth ratio of 3.31 and a beta of 1.17. The company's 50-day moving average is $183.58 and its 200 day moving average is $166.54. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million for the quarter, compared to analysts' expectations of $538.59 million. On average, research analysts expect that PTC Inc. will post 3.47 EPS 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.