Polar Asset Management Partners Inc. Has $5.55 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Polar Asset Management Partners Inc. lessened its position in PTC Inc. (NASDAQ:PTC - Free Report) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,200 shares of the technology company's stock after selling 31,900 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in PTC were worth $5,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in PTC during the 4th quarter worth about $30,000. Allworth Financial LP lifted its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in PTC during the 4th quarter worth approximately $51,000. Assetmark Inc. lifted its position in PTC by 825.0% during the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in PTC during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. This trade represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

PTC Stock Down 0.4%

NASDAQ:PTC traded down $0.62 on Wednesday, hitting $172.62. 213,536 shares of the company's stock were exchanged, compared to its average volume of 872,359. The firm has a 50-day moving average price of $155.32 and a 200-day moving average price of $173.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company has a market cap of $20.71 billion, a P/E ratio of 53.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.42. The company had revenue of $636.37 million for the quarter, compared to analysts' expectations of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. PTC's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. As a group, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Analyst Ratings Changes

PTC has been the subject of a number of recent research reports. Oppenheimer decreased their price objective on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. StockNews.com cut PTC from a "buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler reduced their price target on PTC from $202.00 to $180.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Rosenblatt Securities reissued a "buy" rating and issued a $204.00 price target on shares of PTC in a report on Thursday, May 1st. Finally, Robert W. Baird raised their price target on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of "Moderate Buy" and an average price target of $187.15.

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.