Ascent Group LLC Sells 5,944 Shares of PTC Inc. (NASDAQ:PTC)

Ascent Group LLC trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 30.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,615 shares of the technology company’s stock after selling 5,944 shares during the quarter. Ascent Group LLC’s holdings in PTC were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new stake in PTC during the first quarter valued at about $462,000. Price T Rowe Associates Inc. MD grew its stake in shares of PTC by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company’s stock valued at $165,377,000 after acquiring an additional 40,462 shares during the period. Matrix Capital Management Company LP bought a new position in shares of PTC during the 1st quarter valued at approximately $56,076,000. Toronto Dominion Bank increased its holdings in PTC by 0.5% in the 1st quarter. Toronto Dominion Bank now owns 73,414 shares of the technology company’s stock worth $13,871,000 after acquiring an additional 341 shares in the last quarter. Finally, Pinnbrook Capital Management LP bought a new stake in PTC during the 1st quarter worth approximately $1,948,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTC. Robert W. Baird upped their price target on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Mizuho reissued a “neutral” rating and set a $190.00 price target (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Finally, Barclays lifted their target price on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.73.

Insider Buying and Selling at PTC

In related news, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now owns 13,598 shares in the company, valued at $2,358,573.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total transaction of $712,800.00. Following the completion of the transaction, the director now directly owns 52,137 shares of the company’s stock, valued at $9,290,813.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Catherine Kniker sold 1,254 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders sold 15,846 shares of company stock worth $2,854,951 over the last 90 days. 1.17% of the stock is owned by insiders.

PTC Price Performance

NASDAQ PTC traded up $3.42 during trading on Monday, hitting $177.22. 1,022,844 shares of the stock traded hands, compared to its average volume of 832,499. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24. The firm has a 50-day simple moving average of $178.27 and a 200-day simple moving average of $180.17. The company has a market capitalization of $21.21 billion, a P/E ratio of 73.71, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. PTC had a return on equity of 13.76% and a net margin of 12.84%. The firm had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. As a group, analysts predict that PTC Inc. will post 3.48 EPS for the current year.

PTC Company 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.