Leuthold Group LLC Sells 190 Shares of PTC Inc. (NASDAQ:PTC)

Leuthold Group LLC cut its stake in PTC Inc. (NASDAQ:PTC) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,454 shares of the technology company’s stock after selling 190 shares during the period. Leuthold Group LLC’s holdings in PTC were worth $842,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PTC. Lindbrook Capital LLC boosted its holdings in PTC by 108.3% in the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares during the last quarter. Riverview Trust Co acquired a new position in PTC in the first quarter valued at approximately $34,000. Resources Management Corp CT ADV lifted its stake in PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after buying an additional 300 shares during the period. Principal Securities Inc. acquired a new position in PTC in the fourth quarter valued at approximately $46,000. Finally, Van ECK Associates Corp raised its position in shares of PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after purchasing an additional 108 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity

In other PTC news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the transaction, the chief operating officer now directly owns 53,148 shares in the company, valued at $9,734,056.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael Ditullio sold 6,592 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $183.15, for a total value of $1,207,324.80. Following the sale, the chief operating officer now directly owns 53,148 shares in the company, valued at $9,734,056.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janice Chaffin sold 4,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total value of $712,800.00. Following the completion of the transaction, the director now directly owns 52,137 shares in the company, valued at approximately $9,290,813.40. The disclosure for this sale can be found here. Insiders sold 11,846 shares of company stock worth $2,137,631 over the last ninety days. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Up 1.8 %

Shares of PTC traded up $3.32 during midday trading on Friday, hitting $183.09. 428,839 shares of the company’s stock traded hands, compared to its average volume of 824,470. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 75.22, a price-to-earnings-growth ratio of 3.32 and a beta of 1.18. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $178.74 and its 200-day moving average is $179.52. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $603.07 million during the quarter, compared to analysts’ expectations of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. As a group, sell-side analysts anticipate that PTC Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Citigroup dropped their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Barclays raised their price target on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Mizuho reissued a “neutral” rating and set a $190.00 price objective (down from $200.00) on shares of PTC in a report on Tuesday, June 4th. Finally, Robert W. Baird raised their price target on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.73.

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.