Sentry Investment Management LLC Sells 67 Shares of PTC Inc. (NASDAQ:PTC)

Sentry Investment Management LLC cut its holdings in shares of PTC Inc. (NASDAQ:PTC) by 9.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 623 shares of the technology company’s stock after selling 67 shares during the quarter. Sentry Investment Management LLC’s holdings in PTC were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of PTC during the 2nd quarter valued at approximately $25,000. Clear Street Markets LLC lifted its position in shares of PTC by 93.5% during the first quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Legacy Financial Group LLC bought a new position in shares of PTC in the third quarter worth $28,000. International Assets Investment Management LLC purchased a new position in shares of PTC in the third quarter valued at $41,000. Finally, Resources Management Corp CT ADV raised its stake in shares of PTC by 4,285.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after purchasing an additional 300 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $177.48 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $183.74 and a 200-day moving average price of $168.35. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24. The firm has a market capitalization of $21.22 billion, a PE ratio of 90.09, a P/E/G ratio of 3.19 and a beta of 1.17.

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

Wall Street Analyst Weigh In

Several brokerages have commented on PTC. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 target price on shares of PTC in a research note on Friday, April 12th. Piper Sandler increased their price objective on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Finally, KeyCorp upped their price objective on shares of PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $196.73.

Insider Activity at PTC

In related 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 value of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Catherine Kniker sold 1,330 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by company insiders.

PTC Company 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.