Leeward Investments LLC MA Sells 15,754 Shares of PTC Inc. (NASDAQ:PTC)

Leeward Investments LLC MA lessened its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 19.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,897 shares of the technology company's stock after selling 15,754 shares during the period. Leeward Investments LLC MA owned 0.06% of PTC worth $12,086,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Congress Asset Management Co. boosted its holdings in shares of PTC by 767.8% during the 3rd quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company's stock worth $119,746,000 after buying an additional 586,443 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in PTC by 66.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company's stock valued at $140,577,000 after acquiring an additional 310,092 shares during the period. Matrix Capital Management Company LP acquired a new stake in shares of PTC in the first quarter valued at about $56,076,000. Vanguard Group Inc. grew its position in shares of PTC by 1.5% in the first quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company's stock valued at $2,596,209,000 after purchasing an additional 205,673 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of PTC in the first quarter worth about $28,510,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PTC has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday. Robert W. Baird boosted their target price on shares of PTC from $226.00 to $228.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com downgraded shares of PTC from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Rosenblatt Securities restated a "buy" rating and issued a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on shares of PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $204.83.

Insiders Place Their Bets

In related news, Director Janice Chaffin sold 4,000 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the sale, the director now directly owns 44,137 shares of the company's stock, valued at $7,562,433.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.17% of the company's stock.

PTC Price Performance

Shares of PTC stock traded down $7.99 during midday trading on Thursday, hitting $190.05. 1,677,072 shares of the company were exchanged, compared to its average volume of 804,878. The firm has a 50 day simple moving average of $179.76 and a 200-day simple moving average of $178.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $22.83 billion, a P/E ratio of 77.57, a PEG ratio of 2.74 and a beta of 1.17. PTC Inc. has a 52 week low of $148.01 and a 52 week high of $199.48.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. The company had revenue of $626.55 million for the quarter, compared to the consensus estimate of $620.49 million. PTC had a net margin of 13.32% and a return on equity of 13.36%. Research analysts forecast that PTC Inc. will post 3.51 earnings per share for the current year.

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.