Chevy Chase Trust Holdings LLC Sells 1,371 Shares of PTC Inc. (NASDAQ:PTC)

Chevy Chase Trust Holdings LLC decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,039 shares of the technology company’s stock after selling 1,371 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in PTC were worth $11,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares in the last quarter. Brooklyn Investment Group purchased a new stake in PTC during the 3rd quarter worth about $66,000. Blue Trust Inc. lifted its holdings in PTC by 473.9% during the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after purchasing an additional 654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC during the 3rd quarter worth about $152,000. Finally, Signaturefd LLC lifted its holdings in PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PTC shares. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Thursday. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird raised their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $210.09.

Insider Buying and Selling

In other news, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 in the last ninety days. 0.32% of the stock is owned by insiders.

PTC Stock Performance

Shares of NASDAQ PTC opened at $171.10 on Monday. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 52.81, a P/E/G ratio of 2.33 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. PTC Inc. has a 1-year low of $163.30 and a 1-year high of $203.09. The stock’s 50-day moving average is $186.10 and its 200 day moving average is $183.44.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (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%. On average, sell-side analysts anticipate that PTC Inc. will post 4.62 EPS for the current fiscal 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.