PTC Inc. (NASDAQ:PTC) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in PTC Inc. (NASDAQ:PTC) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,200 shares of the technology company’s stock after selling 3,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PTC were worth $6,694,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PTC. Empowered Funds LLC boosted its holdings in shares of PTC by 13.0% in the fourth quarter. Empowered Funds LLC now owns 2,423 shares of the technology company’s stock valued at $446,000 after acquiring an additional 279 shares during the period. Blue Trust Inc. lifted its holdings in shares of PTC by 300.9% during the fourth quarter. Blue Trust Inc. now owns 3,175 shares of the technology company’s stock worth $584,000 after purchasing an additional 2,383 shares during the period. Allworth Financial LP lifted its holdings in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Strategic Advisors LLC lifted its holdings in shares of PTC by 3.9% during the fourth quarter. Strategic Advisors LLC now owns 7,646 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 284 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of PTC by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 152,814 shares of the technology company’s stock worth $28,098,000 after purchasing an additional 3,743 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares in the company, valued at $2,836,960. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Oppenheimer reaffirmed a “cautious” rating on shares of PTC in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Barclays decreased their price target on PTC from $215.00 to $175.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on PTC from $230.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $188.69.

PTC Price Performance

PTC stock opened at $172.61 on Tuesday. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The business has a fifty day moving average of $161.13 and a two-hundred day moving average of $170.47. The company has a market cap of $20.70 billion, a P/E ratio of 53.27, a price-to-earnings-growth ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million during the quarter, compared to analysts’ expectations of $608.64 million. During the same quarter last year, the business posted $1.46 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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.