Curi RMB Capital LLC Lowers Holdings in PTC Inc. (NASDAQ:PTC)

Curi RMB Capital LLC lessened its position in PTC Inc. (NASDAQ:PTC - Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 263,352 shares of the technology company's stock after selling 20,763 shares during the period. PTC makes up 1.1% of Curi RMB Capital LLC's investment portfolio, making the stock its 17th largest holding. Curi RMB Capital LLC owned 0.22% of PTC worth $48,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in PTC during the 4th quarter worth approximately $30,000. Allworth Financial LP boosted its stake in shares of PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. grew its holdings in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares during the period. New Age Alpha Advisors LLC acquired a new stake in PTC in the fourth quarter valued at $77,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of PTC by 83.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock worth $83,000 after purchasing an additional 205 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Performance

PTC opened at $143.56 on Friday. The stock has a 50-day moving average of $156.63 and a 200-day moving average 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 52-week low of $133.38 and a 52-week high of $203.09. The company has a market cap of $17.27 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 622 shares of the business's 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PTC. KeyCorp decreased their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday. Mizuho reduced 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. StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Barclays decreased their price target on shares of PTC from $215.00 to $175.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $160.00 target price (down previously from $210.00) on shares of PTC in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $195.67.

About PTC

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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