PTC Inc. (NASDAQ:PTC) is Ownership Capital B.V.'s 8th Largest Position

Ownership Capital B.V. trimmed its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,355,983 shares of the technology company's stock after selling 125,745 shares during the period. PTC comprises about 5.3% of Ownership Capital B.V.'s holdings, making the stock its 8th largest position. Ownership Capital B.V. owned approximately 1.14% of PTC worth $237,243,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of PTC by 6.6% in the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company's stock valued at $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. Barclays PLC raised its holdings in shares of PTC by 67.0% in the third quarter. Barclays PLC now owns 691,521 shares of the technology company's stock valued at $97,975,000 after purchasing an additional 277,358 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of PTC in the third quarter valued at about $39,054,000. Assenagon Asset Management S.A. raised its holdings in shares of PTC by 1,675.0% in the third quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company's stock valued at $34,559,000 after purchasing an additional 230,179 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PTC by 15.6% in the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company's stock valued at $177,488,000 after purchasing an additional 168,917 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

PTC stock traded up $1.11 during mid-day trading on Friday, hitting $180.99. 742,701 shares of the company traded hands, compared to its average volume of 657,853. PTC Inc. has a one year low of $120.62 and a one year high of $194.24. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 91.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average price of $183.55 and a 200-day moving average price of $170.25.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PTC shares. JPMorgan Chase & Co. upgraded shares of PTC from a "neutral" rating to an "overweight" rating and raised their price objective for the stock 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 price objective on shares of PTC in a report on Thursday, February 1st. Piper Sandler raised their price objective on shares of PTC from $155.00 to $177.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. KeyCorp lifted their target price on shares of PTC from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Finally, Barclays lifted their target price on shares of PTC from $198.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.40.

Insider Transactions at PTC

In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares of the company's stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares of the company's stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is currently owned by insiders.

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.