Public Employees Retirement System of Ohio Cuts Position in PTC Inc. (NASDAQ:PTC)

Public Employees Retirement System of Ohio decreased its holdings in PTC Inc. (NASDAQ:PTC) by 5.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 45,578 shares of the technology company’s stock after selling 2,657 shares during the period. Public Employees Retirement System of Ohio’s holdings in PTC were worth $8,612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PTC. Lindbrook Capital LLC grew its position in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after buying an additional 91 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of PTC during the first quarter worth approximately $34,000. Principal Securities Inc. acquired a new stake in shares of PTC during the fourth quarter worth approximately $46,000. Crewe Advisors LLC acquired a new stake in shares of PTC during the first quarter worth approximately $94,000. Finally, Van ECK Associates Corp grew 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 buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other news, COO Michael Ditullio sold 6,592 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at $9,734,056.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Ditullio sold 6,592 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The disclosure for this sale can be found here. Insiders have sold a total of 15,846 shares of company stock valued at $2,854,951 in the last three months. 1.17% of the stock is currently owned by company insiders.

PTC Price Performance

NASDAQ:PTC traded up $1.09 during mid-day trading on Tuesday, reaching $178.31. 43,194 shares of the stock were exchanged, compared to its average volume of 827,055. The business has a fifty day moving average price of $178.14 and a 200 day moving average price of $180.21. The firm has a market capitalization of $21.34 billion, a PE ratio of 74.15, a PEG ratio of 3.26 and a beta of 1.18. PTC Inc. has a 1-year low of $134.61 and a 1-year high of $194.24. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The firm had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. Research analysts expect that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.