PTC Inc. (NASDAQ:PTC) Shares Sold by Barclays PLC

Barclays PLC reduced its position in PTC Inc. (NASDAQ:PTC - Free Report) by 16.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,187 shares of the technology company's stock after selling 50,149 shares during the period. Barclays PLC owned 0.21% of PTC worth $46,099,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Fernbridge Capital Management LP increased its holdings in shares of PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company's stock worth $258,164,000 after buying an additional 650,990 shares during the last quarter. Congress Asset Management Co. increased its stake in PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company's stock worth $119,746,000 after acquiring an additional 586,443 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in PTC during the third quarter valued at approximately $84,549,000. Massachusetts Financial Services Co. MA lifted its stake in shares of PTC by 66.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company's stock valued at $140,577,000 after purchasing an additional 310,092 shares during the last quarter. Finally, Railway Pension Investments Ltd purchased a new position in shares of PTC in the 2nd quarter worth approximately $24,416,000. 95.14% of the stock is owned by institutional investors.

Insider Transactions at PTC

In other news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at approximately $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,242 shares of company stock valued at $3,630,716. 1.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Berenberg Bank lowered PTC from a "buy" rating to a "hold" rating and decreased their price target for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird increased their target price on shares of PTC from $226.00 to $228.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $195.00 price target on shares of PTC in a research note on Thursday, October 10th. Royal Bank of Canada increased their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.67.

PTC Trading Down 1.3 %

NASDAQ:PTC traded down $2.62 during midday trading on Friday, hitting $198.68. The stock had a trading volume of 593,390 shares, compared to its average volume of 799,304. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $190.66 and a 200 day moving average of $181.07. The company has a market capitalization of $23.87 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 2.74 and a beta of 1.16. PTC Inc. has a one year low of $163.30 and a one year high of $203.09.

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.