PTC Inc. (NASDAQ:PTC) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its holdings in shares of PTC Inc. (NASDAQ:PTC) by 34.5% in the fourth quarter, HoldingsChannel reports. The firm owned 5,144 shares of the technology company’s stock after selling 2,713 shares during the period. Altshuler Shaham Ltd’s holdings in PTC were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC raised its holdings in PTC by 24.4% in the 3rd quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,133 shares during the period. Handelsbanken Fonder AB raised its stake in shares of PTC by 25.2% during the 4th quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company’s stock worth $4,426,000 after buying an additional 5,100 shares during the period. Silverberg Bernstein Capital Management LLC purchased a new position in shares of PTC during the 4th quarter valued at approximately $9,647,000. Ballentine Partners LLC grew its stake in PTC by 786.0% in the 4th 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 during the period. Finally, Wellington Management Group LLP increased its holdings in PTC by 153.9% in the 3rd quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company’s stock worth $15,775,000 after acquiring an additional 67,493 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Trading Up 0.9 %

PTC stock traded up $1.67 during midday trading on Thursday, hitting $180.00. 537,526 shares of the stock were exchanged, compared to its average volume of 852,717. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 75.31, a PEG ratio of 3.48 and a beta of 1.19. The stock’s 50-day simple moving average is $183.03 and its 200 day simple moving average is $172.13. PTC Inc. has a fifty-two week low of $128.61 and a fifty-two week high of $194.24.

Insider Activity

In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the sale, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PTC. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, February 1st. BMO Capital Markets lifted their price target on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays raised their price objective on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Oppenheimer upped their target price on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and an average target price of $200.64.

PTC 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.