PTC Inc. (NASDAQ:PTC) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its position in PTC Inc. (NASDAQ:PTC) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,527 shares of the technology company’s stock after selling 6,108 shares during the quarter. Stephens Investment Management Group LLC owned about 0.32% of PTC worth $69,784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PTC. State Street Corp increased its position in shares of PTC by 2.7% in the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after buying an additional 133,370 shares in the last quarter. Geode Capital Management LLC lifted its stake in PTC by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock valued at $533,341,000 after buying an additional 37,645 shares in the last quarter. Fernbridge Capital Management LP increased its stake in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after acquiring an additional 30,525 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after purchasing an additional 150,652 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at PTC

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the completion of the transaction, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last three months. 0.32% of the stock is owned by corporate insiders.

PTC Trading Down 1.5 %

NASDAQ:PTC opened at $169.02 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a market cap of $20.34 billion, a PE ratio of 52.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The stock has a fifty day moving average price of $189.31 and a 200 day moving average price of $183.58. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Sell-side analysts anticipate that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PTC has been the topic of a number of research reports. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday. Piper Sandler lifted their price target 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. Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their target price on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.09.

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.