Cramer Rosenthal Mcglynn LLC lessened its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,496 shares of the technology company's stock after selling 8,476 shares during the quarter. PTC accounts for 1.9% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its 14th largest position. Cramer Rosenthal Mcglynn LLC owned approximately 0.15% of PTC worth $33,372,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PTC. Aster Capital Management DIFC Ltd bought a new position in PTC during the fourth quarter valued at approximately $30,000. Allworth Financial LP boosted its stake in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the period. Assetmark Inc. grew its holdings in shares of PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after purchasing an additional 297 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in PTC during the 4th quarter valued at $77,000. Finally, Smartleaf Asset Management LLC boosted its position in PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.
PTC Stock Performance
Shares of PTC traded down $3.94 during trading hours on Monday, hitting $139.62. The stock had a trading volume of 585,903 shares, compared to its average volume of 873,380. The firm has a 50-day moving average price of $156.63 and a 200 day moving average price of $177.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 2.27 and a beta of 1.17.
PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) 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%. As a group, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.
Insider Activity at PTC
In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have commented on PTC. BMO Capital Markets decreased their price objective on shares of PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. KeyCorp reduced their target price on PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Barclays dropped their price target on PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho dropped their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $195.67.
Check Out Our Latest Analysis on PTC
PTC Company Profile
(
Free Report)
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.
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