Ameriprise Financial Inc. Has $17.62 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Ameriprise Financial Inc. trimmed its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,840 shares of the technology company's stock after selling 26,181 shares during the period. Ameriprise Financial Inc. owned 0.08% of PTC worth $17,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG increased its holdings in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after purchasing an additional 55 shares during the period. Wahed Invest LLC grew its position in PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company's stock valued at $539,000 after buying an additional 61 shares in the last quarter. Allworth Financial LP increased its stake in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares during the period. Otter Creek Advisors LLC raised its position in shares of PTC by 0.4% during the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after buying an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its stake in shares of PTC by 3.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock worth $542,000 after acquiring an additional 91 shares during the period. Institutional investors own 95.14% of the company's stock.

PTC Trading Down 0.3%

PTC stock traded down $0.51 during mid-day trading on Thursday, reaching $168.62. 120,068 shares of the stock traded hands, compared to its average volume of 873,000. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The stock's fifty day moving average is $155.59 and its 200-day moving average is $173.81. The company has a market cap of $20.23 billion, a P/E ratio of 52.10, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

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

Insider Transactions at PTC

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

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research analyst reports. Citigroup lowered their price objective on shares of PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Oppenheimer decreased their price target on PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird upped their price objective on PTC from $185.00 to $191.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 target price on shares of PTC in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $187.15.

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.