Robocap Asset Management Ltd Cuts Stock Position in PTC Inc. (NASDAQ:PTC)

Robocap Asset Management Ltd reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 8.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,708 shares of the technology company’s stock after selling 2,324 shares during the period. PTC comprises 3.2% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position. Robocap Asset Management Ltd’s holdings in PTC were worth $4,727,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Creative Planning lifted its stake in PTC by 20.5% during the second quarter. Creative Planning now owns 5,185 shares of the technology company’s stock worth $942,000 after purchasing an additional 882 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of PTC in the second quarter worth about $519,000. Park Avenue Securities LLC purchased a new position in shares of PTC during the third quarter valued at approximately $276,000. Czech National Bank lifted its position in shares of PTC by 7.2% in the 3rd quarter. Czech National Bank now owns 24,472 shares of the technology company’s stock worth $4,421,000 after purchasing an additional 1,654 shares during the period. Finally, CWM LLC boosted its position in PTC by 12.5% during the 3rd quarter. CWM LLC now owns 8,089 shares of the technology company’s stock valued at $1,461,000 after acquiring an additional 900 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of PTC stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the transaction, the director now directly owns 6,843 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares in the company, 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. Over the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. Corporate insiders own 0.32% of the company’s stock.

PTC Stock Performance

PTC opened at $169.02 on Friday. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 2.33 and a beta of 1.19. The firm’s fifty day simple moving average is $189.94 and its two-hundred day simple moving average is $183.65. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09.

PTC (NASDAQ:PTC) last released its earnings results 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%. Equities analysts anticipate that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PTC. Stifel Nicolaus lifted their price objective on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the company from $210.00 to $196.00 in a research note on Friday, November 1st. KeyCorp increased 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. Robert W. Baird boosted their price objective on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.