Ownership Capital B.V. Sells 551,235 Shares of PTC Inc. $PTC

Ownership Capital B.V. lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 89.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,006 shares of the technology company’s stock after selling 551,235 shares during the quarter. PTC accounts for 7.5% of Ownership Capital B.V.’s portfolio, making the stock its 3rd largest position. Ownership Capital B.V.’s holdings in PTC were worth $13,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in PTC by 2.9% in the second quarter. Vanguard Group Inc. now owns 14,748,971 shares of the technology company’s stock valued at $2,541,838,000 after buying an additional 416,791 shares during the last quarter. State Street Corp increased its stake in shares of PTC by 4.0% in the second quarter. State Street Corp now owns 5,372,296 shares of the technology company’s stock worth $925,861,000 after acquiring an additional 205,029 shares during the period. Geode Capital Management LLC raised its holdings in shares of PTC by 8.4% during the second quarter. Geode Capital Management LLC now owns 3,415,785 shares of the technology company’s stock worth $586,438,000 after purchasing an additional 265,558 shares during the last quarter. Lazard Asset Management LLC lifted its position in PTC by 31.4% during the second quarter. Lazard Asset Management LLC now owns 1,547,622 shares of the technology company’s stock valued at $266,715,000 after purchasing an additional 370,097 shares during the period. Finally, Norges Bank purchased a new stake in PTC in the second quarter valued at $155,673,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kristian Talvitie sold 50,291 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Staats Aaron C. Von sold 6,328 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,277 shares of company stock worth $10,624,076 in the last 90 days. 0.29% of the stock is currently owned by insiders.

PTC Stock Up 2.2%

PTC stock opened at $165.77 on Tuesday. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $172.71 and a 200-day simple moving average of $191.97. The stock has a market capitalization of $19.71 billion, a P/E ratio of 27.00, a P/E/G ratio of 2.70 and a beta of 1.01.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The company had revenue of $1.76 billion during the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. Equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PTC shares. Zacks Research cut PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings lowered shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Piper Sandler lowered their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Robert W. Baird set a $255.00 price objective on shares of PTC in a report on Wednesday, October 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of PTC in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.92.

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.