Ownership Capital B.V. Has $169.61 Million Position in PTC Inc. (NASDAQ:PTC)

Ownership Capital B.V. lowered its stake in PTC Inc. (NASDAQ:PTC) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 922,456 shares of the technology company’s stock after selling 24,688 shares during the period. PTC makes up 6.2% of Ownership Capital B.V.’s portfolio, making the stock its 5th largest holding. Ownership Capital B.V. owned 0.77% of PTC worth $169,612,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of PTC by 2.7% in the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares during the period. Geode Capital Management LLC increased its position in PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after acquiring an additional 37,645 shares during the period. Fernbridge Capital Management LP raised its stake in PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares in the last quarter. Franklin Resources Inc. boosted its holdings in PTC by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after purchasing an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after purchasing an additional 150,652 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,539 shares of company stock worth $3,301,697. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PTC. KeyCorp boosted their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird upped their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and decreased their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Price Performance

PTC stock opened at $169.92 on Thursday. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 52.44, a P/E/G ratio of 2.34 and a beta of 1.19. The company has a 50 day simple moving average of $184.34 and a 200 day simple moving average of $183.30.

PTC (NASDAQ:PTC) last announced 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%. Research analysts anticipate that PTC Inc. will post 4.46 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.