Stanley Laman Group Ltd. Cuts Stock Holdings in PTC Inc. (NASDAQ:PTC)

Stanley Laman Group Ltd. trimmed its position in PTC Inc. (NASDAQ:PTC) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 25,664 shares of the technology company’s stock after selling 1,120 shares during the quarter. Stanley Laman Group Ltd.’s holdings in PTC were worth $4,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its position in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after buying an additional 75 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of PTC by 3.2% during the third quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock valued at $408,000 after purchasing an additional 90 shares during the last quarter. DeDora Capital Inc. raised its position in shares of PTC by 64.3% during the 3rd quarter. DeDora Capital Inc. now owns 2,773 shares of the technology company’s stock worth $393,000 after purchasing an additional 1,085 shares during the period. Oak Thistle LLC lifted its holdings in shares of PTC by 452.3% in the 3rd quarter. Oak Thistle LLC now owns 10,460 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 8,566 shares during the last quarter. Finally, Czech National Bank boosted its position in PTC by 64.7% during the 3rd quarter. Czech National Bank now owns 20,769 shares of the technology company’s stock valued at $2,943,000 after purchasing an additional 8,160 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In other news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now owns 968,357 shares in the company, valued at $171,631,594.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PTC news, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders sold a total of 36,415 shares of company stock valued at $6,457,478 over the last three months. Insiders own 1.17% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. Rosenblatt Securities restated a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Piper Sandler raised their price target on shares of PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Barclays increased their price objective on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.40.

PTC Price Performance

Shares of PTC traded down $0.62 during mid-day trading on Thursday, hitting $179.88. The company’s stock had a trading volume of 953,897 shares, compared to its average volume of 826,715. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The stock has a market capitalization of $21.50 billion, a price-to-earnings ratio of 91.31, a PEG ratio of 3.22 and a beta of 1.17. The firm has a 50-day moving average price of $183.49 and a 200 day moving average price of $169.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The firm had revenue of $550.21 million for the quarter, compared to analyst estimates of $538.59 million. On average, research analysts predict that PTC Inc. will post 3.47 EPS for the current fiscal year.

PTC Company Profile

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.