MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in PTC Inc. (NASDAQ:PTC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,001 shares of the technology company’s stock after selling 3,042 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in PTC were worth $6,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC purchased a new stake in shares of PTC during the fourth quarter valued at $260,000. Assenagon Asset Management S.A. boosted its stake in shares of PTC by 110.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 87,674 shares of the technology company’s stock valued at $16,121,000 after purchasing an additional 46,017 shares during the period. Park Avenue Securities LLC boosted its stake in shares of PTC by 29.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,975 shares of the technology company’s stock valued at $363,000 after purchasing an additional 448 shares during the period. HB Wealth Management LLC boosted its stake in shares of PTC by 9.8% during the fourth quarter. HB Wealth Management LLC now owns 2,165 shares of the technology company’s stock valued at $398,000 after purchasing an additional 194 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in PTC by 40.9% in the fourth quarter. Diversify Wealth Management LLC now owns 4,606 shares of the technology company’s stock worth $840,000 after acquiring an additional 1,337 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

PTC opened at $172.91 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $20.74 billion, a P/E ratio of 53.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The firm’s 50-day moving average price is $154.62 and its 200-day moving average price is $174.02.

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

Insider Buying and Selling

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares of the company’s stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PTC. KeyCorp lowered their price objective on shares of PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets upped their price objective on shares of PTC from $183.00 to $187.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. Barclays lowered their price objective 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $160.00 target price (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.