Voya Investment Management LLC Decreases Stock Holdings in PTC Inc. (NASDAQ:PTC)

Voya Investment Management LLC reduced its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,474 shares of the technology company's stock after selling 3,722 shares during the quarter. Voya Investment Management LLC's holdings in PTC were worth $10,568,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. D1 Capital Partners L.P. increased its position in PTC by 25.9% in the fourth quarter. D1 Capital Partners L.P. now owns 589,171 shares of the technology company's stock worth $108,331,000 after purchasing an additional 121,171 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in shares of PTC by 10.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 77,200 shares of the technology company's stock valued at $14,195,000 after purchasing an additional 7,500 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of PTC by 11.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,264,545 shares of the technology company's stock valued at $3,174,432,000 after purchasing an additional 1,773,653 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of PTC by 4.9% during the fourth quarter. MGO One Seven LLC now owns 4,114 shares of the technology company's stock worth $756,000 after acquiring an additional 192 shares during the period. Finally, Hsbc Holdings PLC increased its stake in PTC by 12.9% in the fourth quarter. Hsbc Holdings PLC now owns 279,426 shares of the technology company's stock valued at $51,355,000 after acquiring an additional 31,978 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

PTC Trading Up 2.4 %

NASDAQ:PTC traded up $3.75 during mid-day trading on Friday, reaching $160.09. 852,238 shares of the company's stock traded hands, compared to its average volume of 876,414. The company has a 50 day moving average price of $153.56 and a 200-day moving average price of $175.54. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 2.27 and a beta of 1.17. 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 announced its quarterly 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. PTC had a net margin of 16.95% and a return on equity of 14.49%. The firm had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. During the same quarter last year, the firm posted $1.46 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PTC has been the subject of several research reports. Citigroup dropped their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $160.00 target price (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday. Oppenheimer cut their price target on PTC from $210.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Barclays reduced their target price on shares of PTC from $215.00 to $175.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.