Nuveen Asset Management LLC Sells 18,058 Shares of PTC Inc. (NASDAQ:PTC)

Nuveen Asset Management LLC trimmed its position in PTC Inc. (NASDAQ:PTC - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,696,369 shares of the technology company's stock after selling 18,058 shares during the quarter. Nuveen Asset Management LLC owned 2.24% of PTC worth $495,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PTC. T. Rowe Price Investment Management Inc. raised its holdings in shares of PTC by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock worth $3,174,432,000 after buying an additional 1,773,653 shares in the last quarter. Vanguard Group Inc. grew its position in PTC by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock valued at $2,627,961,000 after acquiring an additional 240,080 shares during the period. Geode Capital Management LLC grew its position in PTC by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,029,401 shares of the technology company's stock valued at $555,626,000 after acquiring an additional 67,504 shares during the period. Fernbridge Capital Management LP raised its stake in PTC by 6.0% during the fourth quarter. Fernbridge Capital Management LP now owns 1,514,569 shares of the technology company's stock worth $278,484,000 after acquiring an additional 85,564 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of PTC by 11.0% during the fourth quarter. Northern Trust Corp now owns 1,313,273 shares of the technology company's stock valued at $241,472,000 after acquiring an additional 129,910 shares during the period. 95.14% of the stock is owned by institutional investors.

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 value of $318,080.00. Following the sale, the executive vice president now directly owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Corinna Lathan sold 622 shares of PTC 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 transaction, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. The trade was 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 Trading Up 0.6%

PTC stock traded up $0.95 during mid-day trading on Tuesday, hitting $173.34. The stock had a trading volume of 122,791 shares, compared to its average volume of 872,234. The stock has a 50-day simple moving average of $154.92 and a two-hundred day simple moving average of $173.85. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $20.79 billion, a PE ratio of 53.51, a P/E/G ratio of 2.27 and a beta of 1.19. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09.

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 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 company had revenue of $636.37 million for the quarter, compared to analyst estimates of $608.64 million. During the same quarter last year, the firm earned $1.46 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PTC shares. Stifel Nicolaus lowered their target price on shares of PTC from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. StockNews.com raised shares of PTC from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Oppenheimer dropped their price objective on shares of PTC from $210.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays reduced their target price on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, KeyCorp dropped their price target on PTC from $211.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.