PTC Inc. (NASDAQ:PTC) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in PTC Inc. (NASDAQ:PTC) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,001 shares of the technology company’s stock after selling 3,042 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in PTC were worth $6,434,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company’s stock valued at $39,212,000 after purchasing an additional 9,893 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in PTC in the 4th quarter valued at $8,858,000. Avantax Advisory Services Inc. purchased a new position in PTC in the 4th quarter valued at $223,000. Jones Financial Companies Lllp lifted its holdings in PTC by 1,140.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock valued at $84,000 after purchasing an additional 422 shares in the last quarter. Finally, Choreo LLC purchased a new position in PTC in the 4th quarter valued at $364,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. The trade was a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total value of $318,080.00. Following the completion of the transaction, the executive vice president now directly owns 17,731 shares of the company’s stock, valued at approximately $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PTC shares. Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Oppenheimer reduced their price target on PTC from $210.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Mizuho reduced their price target on PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, Barclays reduced their price target on PTC from $215.00 to $175.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $187.15.

PTC Stock Up 0.6%

Shares of NASDAQ:PTC opened at $172.91 on Friday. The business has a 50-day moving average price of $154.62 and a 200 day moving average price of $174.02. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.27 and a beta of 1.19. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. PTC had a return on equity of 14.49% and a net margin of 16.95%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. Sell-side analysts expect that PTC Inc. will post 4.46 EPS for the current 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.