Jump Financial LLC Lowers Position in PTC Inc. (NASDAQ:PTC)

Jump Financial LLC lowered its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 44.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,828 shares of the technology company's stock after selling 15,560 shares during the period. Jump Financial LLC's holdings in PTC were worth $3,469,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of PTC by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company's stock worth $1,965,137,000 after acquiring an additional 859,227 shares during the last quarter. Barclays PLC increased 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 bought a new position in shares of PTC in the third quarter valued at about $39,054,000. Assenagon Asset Management S.A. lifted its stake in shares of PTC by 1,675.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company's stock worth $34,559,000 after buying an additional 230,179 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of PTC by 15.6% during the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company's stock worth $177,488,000 after buying an additional 168,917 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

PTC Price Performance

PTC remained flat at $180.00 during trading on Friday. 629,877 shares of the company's stock traded hands, compared to its average volume of 915,725. The business's fifty day moving average is $182.81 and its 200 day moving average is $172.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 0.76. PTC Inc. has a 1-year low of $128.61 and a 1-year high of $194.24. The firm has a market cap of $21.55 billion, a P/E ratio of 75.31, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PTC. BMO Capital Markets boosted their price objective on PTC from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Oppenheimer increased their price objective on PTC from $190.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a research note on Tuesday, May 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $195.00 price objective on shares of PTC in a research note on Friday, April 12th. Finally, KeyCorp boosted their price objective on shares of PTC from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $200.64.

Insider Activity at PTC

In related news, 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 value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company's stock, valued at approximately $2,489,835.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.17% of the stock is currently owned by insiders.

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.