Robeco Schweiz AG Sells 78,899 Shares of PTC Inc. $PTC

Robeco Schweiz AG decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,181 shares of the technology company’s stock after selling 78,899 shares during the period. PTC comprises 1.8% of Robeco Schweiz AG’s portfolio, making the stock its 16th biggest position. Robeco Schweiz AG’s holdings in PTC were worth $80,636,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PTC. SJS Investment Consulting Inc. increased its holdings in shares of PTC by 2,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after acquiring an additional 158 shares in the last quarter. Assetmark Inc. increased its stake in PTC by 339.3% during the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock worth $46,000 after purchasing an additional 207 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock worth $46,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new position in PTC in the second quarter valued at approximately $53,000. Finally, MUFG Securities EMEA plc bought a new position in PTC in the second quarter valued at approximately $61,000. Institutional investors own 95.14% of the company’s stock.

PTC Trading Down 1.2%

PTC opened at $169.37 on Wednesday. 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 stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 2.86 and a beta of 1.01. The company has a 50-day simple moving average of $175.11 and a 200 day simple moving average of $193.00. PTC Inc. has a twelve month low of $133.38 and a twelve month high of $219.69.

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

Insiders Place Their Bets

In other news, EVP Staats Aaron C. Von sold 6,328 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares in the company, valued at $3,925,958.19. This trade represents a 21.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $8,707,383.74. Following the completion of the sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,277 shares of company stock valued at $10,624,076 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on PTC. Weiss Ratings downgraded shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Rosenblatt Securities reduced their price objective on PTC from $227.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, Piper Sandler cut their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.92.

PTC Company 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.