APG Asset Management US Inc. Decreases Stock Holdings in PTC Inc. (NASDAQ:PTC)

APG Asset Management US Inc. trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 56.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,782 shares of the technology company’s stock after selling 4,909 shares during the quarter. APG Asset Management US Inc.’s holdings in PTC were worth $695,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PTC. Martingale Asset Management L P acquired a new position in shares of PTC during the fourth quarter valued at about $1,164,000. Bank of Nova Scotia increased its holdings in shares of PTC by 484.5% during the fourth quarter. Bank of Nova Scotia now owns 89,762 shares of the technology company’s stock valued at $16,505,000 after acquiring an additional 74,406 shares in the last quarter. FIL Ltd increased its holdings in shares of PTC by 0.4% during the fourth quarter. FIL Ltd now owns 1,090,175 shares of the technology company’s stock valued at $200,450,000 after acquiring an additional 4,396 shares in the last quarter. 2Xideas AG increased its holdings in shares of PTC by 17.1% during the fourth quarter. 2Xideas AG now owns 280,711 shares of the technology company’s stock valued at $51,614,000 after acquiring an additional 41,064 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of PTC during the fourth quarter valued at about $30,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Price Performance

Shares of NASDAQ PTC opened at $149.24 on Thursday. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.27 and a beta of 1.17. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The firm’s 50 day simple moving average is $161.31 and its 200-day simple moving average is $179.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Analysts expect that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a $160.00 price objective (down previously from $210.00) on shares of PTC in a report on Wednesday. KeyCorp increased their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.55.

Insider Activity

In other news, Director Corinna Lathan sold 622 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

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.