PTC Inc. (NASDAQ:PTC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 4.8% in the 1st quarter, HoldingsChannel reports. The fund owned 102,415 shares of the technology company’s stock after selling 5,194 shares during the period. New York State Teachers Retirement System’s holdings in PTC were worth $15,869,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTC. Aster Capital Management DIFC Ltd purchased a new position in shares of PTC in the 4th quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in PTC in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in PTC in the fourth quarter valued at approximately $47,000. Kapitalo Investimentos Ltda purchased a new stake in shares of PTC during the 4th quarter worth approximately $51,000. Finally, UMB Bank n.a. lifted its position in shares of PTC by 153.4% during the 1st quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after buying an additional 178 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ PTC opened at $173.31 on Thursday. The stock has a fifty day moving average price of $166.86 and a 200 day moving average price of $168.31. 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 0.40, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $20.79 billion, a PE ratio of 47.61, a P/E/G ratio of 2.37 and a beta of 1.17.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. The company had revenue of $636.37 million during the quarter, compared to analysts’ expectations of $608.64 million. PTC had a net margin of 18.77% and a return on equity of 15.35%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $1.46 EPS. Sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling

In other PTC 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 stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president owned 17,731 shares in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Mizuho dropped their target price on shares of PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Barclays cut their target price on PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus reduced their target price on PTC from $230.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 1st. BMO Capital Markets raised their price target on PTC from $183.00 to $187.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, Wall Street Zen cut PTC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $188.69.

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.