PTC Inc. (NASDAQ:PTC) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,684 shares of the technology company's stock after selling 2,931 shares during the period. Ieq Capital LLC's holdings in PTC were worth $310,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its holdings in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after purchasing an additional 69 shares during the period. Covestor Ltd lifted its position in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company's stock valued at $35,000 after buying an additional 80 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of PTC during the 3rd quarter valued at approximately $66,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in PTC in the 3rd quarter valued at $152,000. Finally, Longboard Asset Management LP purchased a new stake in PTC in the 4th quarter worth $201,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Trading Down 1.8 %

Shares of PTC traded down $3.02 during mid-day trading on Monday, reaching $160.61. The stock had a trading volume of 816,456 shares, compared to its average volume of 1,118,747. PTC Inc. has a 52-week low of $159.56 and a 52-week high of $203.09. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 2.27 and a beta of 1.19. The business's fifty day moving average is $179.98 and its 200 day moving average is $183.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

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 the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the completion of the transaction, the executive vice president now owns 21,707 shares of the company's stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PTC has been the topic of several research analyst reports. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Finally, KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.09.

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.