California Public Employees Retirement System Decreases Stock Holdings in PTC Inc. (NASDAQ:PTC)

California Public Employees Retirement System cut its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,972 shares of the technology company's stock after selling 3,222 shares during the period. California Public Employees Retirement System owned 0.45% of PTC worth $100,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company's stock worth $2,627,961,000 after purchasing an additional 240,080 shares during the period. State Street Corp grew its stake in PTC by 2.7% in the third quarter. State Street Corp now owns 5,076,319 shares of the technology company's stock worth $917,088,000 after purchasing an additional 133,370 shares in the last quarter. Geode Capital Management LLC raised its position in PTC by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company's stock valued at $533,341,000 after purchasing an additional 37,645 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company's stock valued at $203,463,000 after acquiring an additional 30,525 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PTC by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,962 shares of the technology company's stock worth $151,134,000 after acquiring an additional 36,231 shares during the period. 95.14% of the stock is owned by institutional investors.

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Insider Buying and Selling at PTC

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the transaction, the director now directly owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company's stock.

PTC Stock Performance

PTC stock traded up $0.96 during mid-day trading on Wednesday, reaching $157.16. 692,119 shares of the company traded hands, compared to its average volume of 856,777. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 48.51, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm's fifty day moving average is $168.55 and its two-hundred day moving average is $180.83. PTC Inc. has a fifty-two week low of $150.17 and a fifty-two week high of $203.09.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PTC shares. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Stifel Nicolaus upped their target price on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Citigroup dropped their target price on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, PTC currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.09.

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.