Leeward Investments LLC MA lessened its stake in shares of PTC Inc. (NASDAQ:PTC – Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,640 shares of the technology company’s stock after selling 4,104 shares during the quarter. Leeward Investments LLC MA owned about 0.06% of PTC worth $12,480,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PTC. Voloridge Investment Management LLC lifted its position in shares of PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company’s stock worth $94,570,000 after buying an additional 417,130 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of PTC by 96.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 709,352 shares of the technology company’s stock worth $123,576,000 after buying an additional 347,414 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in shares of PTC by 7,570.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 316,793 shares of the technology company’s stock worth $64,315,000 after buying an additional 312,663 shares during the last quarter. State Street Corp lifted its position in shares of PTC by 4.1% during the 3rd quarter. State Street Corp now owns 5,593,645 shares of the technology company’s stock worth $1,135,622,000 after buying an additional 221,349 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of PTC by 2,075.2% during the 3rd quarter. Nordea Investment Management AB now owns 213,911 shares of the technology company’s stock worth $43,420,000 after buying an additional 204,077 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.
PTC Stock Performance
Shares of PTC stock opened at $139.85 on Friday. The firm’s fifty day simple moving average is $144.86 and its 200-day simple moving average is $161.45. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.13 and a beta of 0.98. PTC Inc. has a 12 month low of $130.89 and a 12 month high of $219.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.23 and a quick ratio of 1.23.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on PTC shares. Oppenheimer reduced their price objective on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Barclays boosted their price objective on shares of PTC from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Mizuho reduced their price objective on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Robert W. Baird set a $198.00 price objective on shares of PTC in a research report on Thursday, May 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of PTC in a research report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and an average price target of $177.23.
Check Out Our Latest Stock Report on PTC
Insiders Place Their Bets
In other news, Director Corinna Lathan sold 675 shares of PTC stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total value of $106,137.00. Following the transaction, the director directly owned 8,429 shares of the company’s stock, valued at $1,325,375.96. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Alice Christenson sold 816 shares of PTC stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $145.82, for a total transaction of $118,989.12. Following the completion of the transaction, the chief accounting officer directly owned 1,265 shares in the company, valued at $184,462.30. The trade was a 39.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.
PTC Profile
PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.
Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.
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