BNP Paribas Financial Markets Sells 5,748 Shares of PTC Inc. (NASDAQ:PTC)

BNP Paribas Financial Markets reduced its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,688 shares of the technology company's stock after selling 5,748 shares during the period. BNP Paribas Financial Markets' holdings in PTC were worth $9,218,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Lindbrook Capital LLC boosted its holdings in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company's stock valued at $31,000 after purchasing an additional 91 shares during the period. Resources Management Corp CT ADV boosted its holdings in PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company's stock valued at $43,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. bought a new stake in PTC in the 4th quarter valued at $46,000. Van ECK Associates Corp boosted its holdings in PTC by 26.0% in the 4th quarter. Van ECK Associates Corp now owns 523 shares of the technology company's stock valued at $92,000 after purchasing an additional 108 shares during the period. Finally, GAMMA Investing LLC bought a new stake in PTC in the 4th quarter valued at $124,000. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

PTC traded up $0.01 during midday trading on Friday, hitting $184.22. The company had a trading volume of 1,222,430 shares, compared to its average volume of 844,883. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $22.05 billion, a PE ratio of 77.08, a P/E/G ratio of 3.46 and a beta of 1.19. PTC Inc. has a twelve month low of $129.47 and a twelve month high of $194.24. The firm's 50-day simple moving average is $182.63 and its 200-day simple moving average is $174.04.

Wall Street Analyst Weigh In

PTC has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of PTC from $195.00 to $187.00 and set a "neutral" rating for the company in a report on Thursday, May 2nd. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of PTC from $210.00 to $216.00 and gave the company an "outperform" rating in a report on Thursday, May 2nd. Oppenheimer lifted their price target on shares of PTC from $190.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on shares of PTC from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $200.64.

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.