Public Employees Retirement Association of Colorado Trims Stock Position in PTC Inc. (NASDAQ:PTC)

Public Employees Retirement Association of Colorado reduced its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,860 shares of the technology company's stock after selling 12,500 shares during the period. Public Employees Retirement Association of Colorado owned about 0.08% of PTC worth $16,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in PTC in the fourth quarter valued at approximately $30,000. Allworth Financial LP boosted its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Assetmark Inc. boosted its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock valued at $61,000 after acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in PTC in the fourth quarter valued at approximately $77,000. Finally, Smartleaf Asset Management LLC boosted its holdings in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after acquiring an additional 205 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of the business'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 value of $96,739.66. Following the sale, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

PTC Stock Up 0.9 %

Shares of NASDAQ PTC traded up $1.37 during mid-day trading on Thursday, reaching $156.34. 1,819,131 shares of the company's stock traded hands, compared to its average volume of 876,511. The stock has a market cap of $18.81 billion, a P/E ratio of 48.25, a PEG ratio of 2.27 and a beta of 1.17. The business has a 50-day simple moving average of $153.69 and a 200 day simple moving average of $175.74. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $203.09. 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 (NASDAQ:PTC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $608.64 million. During the same period in the previous year, the company earned $1.46 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the topic of several analyst reports. 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. KeyCorp cut their target price on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus reduced their price target on shares of PTC from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.