PTC Inc. (NASDAQ:PTC) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in PTC Inc. (NASDAQ:PTC) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,542 shares of the technology company’s stock after selling 185 shares during the quarter. Blair William & Co. IL’s holdings in PTC were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wahed Invest LLC increased its stake in PTC by 2.1% in the fourth quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock valued at $539,000 after purchasing an additional 61 shares during the last quarter. D.A. Davidson & CO. increased its stake in PTC by 1.9% in the first quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after purchasing an additional 70 shares during the last quarter. Portside Wealth Group LLC increased its stake in PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock valued at $514,000 after purchasing an additional 78 shares during the last quarter. Strategic Advisors LLC increased its stake in PTC by 1.1% in the first quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company’s stock valued at $1,198,000 after purchasing an additional 83 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its stake in PTC by 5.8% during the first quarter. Dynasty Wealth Management LLC now owns 1,525 shares of the technology company’s stock worth $236,000 after acquiring an additional 83 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the sale, the executive vice president owned 15,743 shares in the company, valued at $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

PTC Price Performance

PTC stock opened at $203.29 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The firm has a market cap of $24.35 billion, a P/E ratio of 47.95, a price-to-earnings-growth ratio of 2.18 and a beta of 1.17. The stock has a 50-day simple moving average of $186.31 and a 200-day simple moving average of $170.58.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%. The business had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upped their price target on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. BMO Capital Markets upped their price target on PTC from $187.00 to $231.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group restated a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Mizuho dropped their price target on PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $202.14.

About PTC

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.