Calamos Advisors LLC Sells 4,507 Shares of PTC Inc. (NASDAQ:PTC)

Calamos Advisors LLC decreased its holdings in PTC Inc. (NASDAQ:PTC) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,997 shares of the technology company’s stock after selling 4,507 shares during the period. Calamos Advisors LLC owned 0.06% of PTC worth $12,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its stake in PTC by 180.8% in the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock worth $5,115,000 after purchasing an additional 17,430 shares during the period. Handelsbanken Fonder AB raised its stake in shares of PTC by 25.2% during the fourth quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company’s stock valued at $4,426,000 after acquiring an additional 5,100 shares in the last quarter. Portfolio Design Labs LLC purchased a new stake in shares of PTC in the fourth quarter valued at approximately $4,316,000. Norges Bank bought a new position in shares of PTC during the 4th quarter worth $114,043,000. Finally, USA Financial Formulas purchased a new position in PTC during the 4th quarter valued at about $1,355,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Up 1.3 %

Shares of NASDAQ:PTC opened at $177.31 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 3.23 and a beta of 1.18. The business has a 50-day moving average price of $176.75 and a 200-day moving average price of $179.65.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,000 shares of PTC stock in a transaction dated 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 transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Catherine Kniker sold 1,254 shares of the stock in a transaction 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 sale, 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 this link. Also, EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the sale, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The disclosure for this sale can be found here. Insiders sold a total of 19,254 shares of company stock valued at $3,361,636 over the last 90 days. Insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird boosted 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. Royal Bank of Canada restated an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, August 1st. Piper Sandler upped 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. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Mizuho reaffirmed a “neutral” rating and set a $190.00 target price (down 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’s stock. According to data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $200.18.

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.