Xact Kapitalforvaltning AB decreased its position in PTC Inc (NASDAQ:PTC) by 45.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,625 shares of the technology company’s stock after selling 8,114 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in PTC were worth $798,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in shares of PTC during the second quarter valued at approximately $766,000. First Hawaiian Bank purchased a new stake in shares of PTC during the 3rd quarter valued at about $1,553,000. Aperio Group LLC raised its position in shares of PTC by 5.4% during the 3rd quarter. Aperio Group LLC now owns 28,908 shares of the technology company’s stock valued at $3,070,000 after buying an additional 1,487 shares in the last quarter. Empowered Funds LLC bought a new position in PTC during the 3rd quarter valued at about $1,810,000. Finally, Strs Ohio grew its holdings in PTC by 30.0% during the 3rd quarter. Strs Ohio now owns 129,120 shares of the technology company’s stock valued at $13,711,000 after purchasing an additional 29,810 shares during the last quarter. 94.49% of the stock is owned by institutional investors.

Shares of NASDAQ:PTC traded up $0.54 during midday trading on Monday, hitting $87.80. The company’s stock had a trading volume of 6,673 shares, compared to its average volume of 1,434,185. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. The company has a market cap of $10.35 billion, a P/E ratio of 97.17, a P/E/G ratio of 2.28 and a beta of 1.26. PTC Inc has a 12-month low of $65.48 and a 12-month high of $107.44.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.15. The firm had revenue of $334.96 million for the quarter, compared to the consensus estimate of $324.70 million. PTC had a net margin of 4.65% and a return on equity of 12.70%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. On average, analysts expect that PTC Inc will post 1.09 earnings per share for the current year.

A number of equities analysts have commented on PTC shares. Wedbush dropped their target price on shares of PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, January 24th. Zacks Investment Research cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays reaffirmed a “buy” rating and issued a $104.00 price target on shares of PTC in a research report on Friday, January 25th. BidaskClub cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Guggenheim set a $100.00 target price on shares of PTC and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $101.19.

In other PTC news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $88.14, for a total value of $440,700.00. Following the completion of the transaction, the director now directly owns 66,007 shares in the company, valued at $5,817,856.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $87.97, for a total value of $1,319,550.00. Following the completion of the transaction, the insider now owns 718,898 shares of the company’s stock, valued at $63,241,457.06. The disclosure for this sale can be found here. In the last three months, insiders sold 248,971 shares of company stock worth $21,346,056. Insiders own 9.91% of the company’s stock.

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PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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