United Asset Strategies Inc. Sells 135 Shares of PTC Inc. (NASDAQ:PTC)

United Asset Strategies Inc. lowered its position in PTC Inc. (NASDAQ:PTC) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,299 shares of the technology company’s stock after selling 135 shares during the period. United Asset Strategies Inc.’s holdings in PTC were worth $1,627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC raised its stake in shares of PTC by 6.9% in the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock valued at $164,000 after acquiring an additional 75 shares during the last quarter. Stephens Inc. AR raised its position in PTC by 25.7% in the 1st quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock worth $51,000 after purchasing an additional 82 shares during the last quarter. Bleakley Financial Group LLC raised its position in PTC by 5.0% in the 2nd quarter. Bleakley Financial Group LLC now owns 1,791 shares of the technology company’s stock worth $255,000 after purchasing an additional 85 shares during the last quarter. Avior Wealth Management LLC raised its position in PTC by 3.2% in the 3rd quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock worth $408,000 after purchasing an additional 90 shares during the last quarter. Finally, Fiera Capital Corp raised its position in PTC by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 3,490 shares of the technology company’s stock worth $494,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays lifted their target price on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. KeyCorp upped their target price on shares of PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Friday, April 12th. BMO Capital Markets upped their target price on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $196.73.

PTC Trading Up 0.4 %

Shares of NASDAQ:PTC opened at $178.62 on Wednesday. The company’s 50-day moving average price is $183.79 and its two-hundred day moving average price is $168.28. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. PTC Inc. has a one year low of $120.62 and a one year high of $194.24. The stock has a market capitalization of $21.35 billion, a PE ratio of 90.67, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. On average, equities analysts forecast that PTC Inc. will post 3.47 EPS for the current fiscal year.

Insider Activity at PTC

In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,415 shares of company stock worth $6,457,478. Insiders own 1.17% of the company’s stock.

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.