PTC Inc. (NASDAQ:PTC) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in PTC Inc. (NASDAQ:PTC) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,977 shares of the technology company’s stock after selling 2,919 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in PTC were worth $3,609,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in PTC by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 61 shares during the last quarter. Diversified Trust Co increased its stake in shares of PTC by 2.9% during the 2nd quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after acquiring an additional 62 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after acquiring an additional 62 shares during the period. IFM Investors Pty Ltd boosted its position in shares of PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after acquiring an additional 66 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity

In other PTC news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now directly owns 6,843 shares of the company’s stock, valued at $1,368,600. This represents a 11.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. The trade was a 67.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,869 shares of company stock worth $2,555,418. 1.17% of the stock is currently owned by company insiders.

PTC Stock Up 0.4 %

Shares of NASDAQ:PTC opened at $200.20 on Wednesday. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 64.37, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16. The company has a 50 day moving average of $187.60 and a two-hundred day moving average of $180.18. PTC Inc. has a 52-week low of $157.72 and a 52-week high of $201.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and lowered their price target for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.67.

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.