Leeward Investments LLC MA Sells 3,430 Shares of PTC Inc. (NASDAQ:PTC)

Leeward Investments LLC MA decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,467 shares of the technology company’s stock after selling 3,430 shares during the period. Leeward Investments LLC MA owned 0.05% of PTC worth $11,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd raised its position in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after buying an additional 80 shares during the last quarter. Allworth Financial LP raised its position in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC during the third quarter valued at approximately $66,000. Blue Trust Inc. raised its position in shares of PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after buying an additional 654 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of PTC during the third quarter valued at approximately $152,000. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PTC shares. Piper Sandler lifted their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Down 2.5 %

NASDAQ PTC opened at $161.65 on Friday. 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 fifty day moving average of $182.89 and a two-hundred day moving average of $183.14. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.27 and a beta of 1.19. PTC Inc. has a 52 week low of $161.02 and a 52 week high of $203.09.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the completion of the transaction, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,539 shares of company stock worth $3,301,697 over the last three months. 0.32% of the stock is owned by corporate insiders.

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.