Tredje AP fonden Sells 305 Shares of PTC Inc. (NASDAQ:PTC)

Tredje AP fonden lowered its stake in PTC Inc. (NASDAQ:PTC) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,511 shares of the technology company’s stock after selling 305 shares during the quarter. Tredje AP fonden’s holdings in PTC were worth $3,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PTC. Principal Securities Inc. purchased a new position in shares of PTC in the fourth quarter valued at $46,000. Dimensional Fund Advisors LP lifted its position in PTC by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 468,918 shares of the technology company’s stock valued at $82,044,000 after purchasing an additional 3,925 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of PTC by 15.8% in the 4th quarter. Quadrant Capital Group LLC now owns 790 shares of the technology company’s stock worth $138,000 after buying an additional 108 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of PTC by 20.3% in the 4th quarter. Brown Advisory Inc. now owns 9,899 shares of the technology company’s stock worth $1,732,000 after buying an additional 1,667 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of PTC during the 4th quarter valued at about $114,043,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the subject of several recent research reports. Rosenblatt Securities lifted their price target on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 target price on shares of PTC in a report on Thursday, August 1st. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Piper Sandler raised their price target on PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Mizuho reiterated a “neutral” rating and set a $190.00 price objective (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $200.18.

Insider Activity at PTC

In other PTC news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $179.33, for a total transaction of $717,320.00. Following the transaction, the director now directly owns 48,137 shares in the company, valued at approximately $8,632,408.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Staats Aaron C. Von sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the sale, the executive vice president now directly owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $179.33, for a total value of $717,320.00. Following the sale, the director now directly owns 48,137 shares in the company, valued at approximately $8,632,408.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock worth $2,431,330. Company insiders own 1.17% of the company’s stock.

PTC Stock Down 0.3 %

NASDAQ:PTC opened at $175.13 on Thursday. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 73.28, a price-to-earnings-growth ratio of 3.19 and a beta of 1.18. PTC Inc. has a twelve month low of $134.61 and a twelve month high of $194.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $174.40 and a 200-day simple moving average of $178.65.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $518.64 million during the quarter, compared to analyst estimates of $533.04 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. Analysts anticipate that PTC Inc. will post 3.52 EPS for the current year.

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.