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

Stephens Investment Management Group LLC decreased its position in PTC Inc. (NASDAQ:PTC) by 6.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 385,635 shares of the technology company’s stock after selling 28,398 shares during the period. Stephens Investment Management Group LLC’s holdings in PTC were worth $69,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of PTC by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 61 shares during the last quarter. Diversified Trust Co grew its holdings in PTC by 2.9% in the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after buying an additional 62 shares during the period. First Horizon Advisors Inc. increased its stake in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after acquiring an additional 66 shares during the period. Finally, Fidelis Capital Partners LLC boosted its position in shares of PTC by 5.4% in the first quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after acquiring an additional 74 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on PTC shares. Robert W. Baird upped their price target on shares of PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Piper Sandler lifted their target price on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Rosenblatt Securities reissued a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Finally, Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the company from $210.00 to $196.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.67.

PTC Price Performance

Shares of PTC stock opened at $185.33 on Friday. The firm has a fifty day simple moving average of $178.38 and a 200-day simple moving average of $177.77. The company has a market capitalization of $22.27 billion, a PE ratio of 75.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.17. PTC Inc. has a twelve month low of $135.16 and a twelve month high of $194.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The company had revenue of $518.64 million during the quarter, compared to analysts’ expectations of $533.04 million. Equities research analysts anticipate that PTC Inc. will post 3.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the sale, the director now owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PTC news, Director Robert Schechter sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the transaction, the director now owns 59,616 shares of the company’s stock, valued at $10,237,855.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the completion of the transaction, the director now owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,000 shares of company stock worth $1,714,010. 1.17% of the stock is currently 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.