Mirabella Financial Services LLP Has $1.90 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Mirabella Financial Services LLP reduced its holdings in PTC Inc. (NASDAQ:PTC - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,343 shares of the technology company's stock after selling 10,343 shares during the quarter. Mirabella Financial Services LLP's holdings in PTC were worth $1,902,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in PTC during the fourth quarter worth approximately $30,000. Allworth Financial LP increased its position in shares of PTC by 58.0% during the 4th 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. raised its stake in shares of PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after buying an additional 297 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of PTC in the fourth quarter valued at $77,000. Finally, Smartleaf Asset Management LLC boosted its stake in PTC by 83.0% during the fourth 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 in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Corinna Lathan sold 622 shares of the stock in a transaction on Monday, March 17th. The stock was 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 in the company, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Up 2.9 %

NASDAQ PTC traded up $4.17 during trading on Wednesday, reaching $147.98. 658,162 shares of the company's stock were exchanged, compared to its average volume of 873,930. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $203.09. The company's fifty day simple moving average is $155.61 and its 200-day simple moving average is $176.86. The firm has a market capitalization of $17.80 billion, a PE ratio of 45.67, a P/E/G 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 (EPS) 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%. Sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PTC shares. Robert W. Baird upped their price target on shares of PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a report on Tuesday. Rosenblatt Securities reissued a "buy" rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of PTC from $220.00 to $183.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Citigroup dropped their price target on PTC from $200.00 to $195.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PTC currently has an average rating of "Moderate Buy" and an average price target of $192.08.

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.