PTC Inc. (NASDAQ:PTC) is Ownership Capital B.V.’s 8th Largest Position

Ownership Capital B.V. trimmed its stake in PTC Inc. (NASDAQ:PTC) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355,983 shares of the technology company’s stock after selling 125,745 shares during the quarter. PTC accounts for 5.3% of Ownership Capital B.V.’s portfolio, making the stock its 8th largest position. Ownership Capital B.V. owned about 1.14% of PTC worth $237,243,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PTC. Metis Global Partners LLC raised its position in PTC by 24.4% during the third quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company’s stock valued at $819,000 after acquiring an additional 1,133 shares in the last quarter. Silverberg Bernstein Capital Management LLC bought a new position in PTC during the fourth quarter valued at approximately $9,647,000. Ballentine Partners LLC raised its position in PTC by 786.0% during the fourth quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company’s stock valued at $2,683,000 after acquiring an additional 13,605 shares in the last quarter. Wellington Management Group LLP raised its position in PTC by 153.9% during the third quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company’s stock valued at $15,775,000 after acquiring an additional 67,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in PTC by 3.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 788,746 shares of the technology company’s stock valued at $137,999,000 after acquiring an additional 23,716 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a document filed with the SEC, which is accessible through 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 sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,415 shares of company stock worth $6,457,478 in the last 90 days. Corporate insiders own 1.17% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC traded up $1.11 on Friday, hitting $180.99. The stock had a trading volume of 742,701 shares, compared to its average volume of 657,853. PTC Inc. has a twelve month low of $120.62 and a twelve month high of $194.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50 day moving average price is $183.55 and its 200-day moving average price is $170.05. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 91.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating 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 company had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. On average, equities research analysts predict that PTC Inc. will post 3.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on PTC. Barclays increased their price target on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler increased their price target on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. BMO Capital Markets increased their price target on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Mizuho increased their price target on PTC from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upgraded shares of PTC from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $130.00 to $200.00 in a research note on Thursday, January 4th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $202.40.

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.