PTC Inc. (NASDAQ:PTC) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 385,635 shares of the technology company's stock after selling 28,398 shares during the period. Stephens Investment Management Group LLC owned approximately 0.32% of PTC worth $69,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PTC. Intech Investment Management LLC boosted its stake in PTC by 180.8% in the 1st quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company's stock worth $5,115,000 after purchasing an additional 17,430 shares in the last quarter. Swedbank AB acquired a new stake in PTC in the 1st quarter worth approximately $9,849,000. BNP Paribas Financial Markets lifted its stake in PTC by 133.1% during the 1st quarter. BNP Paribas Financial Markets now owns 122,819 shares of the technology company's stock valued at $23,205,000 after acquiring an additional 70,131 shares during the period. TD Asset Management Inc lifted its stake in PTC by 5.9% during the 1st quarter. TD Asset Management Inc now owns 437,643 shares of the technology company's stock valued at $82,688,000 after acquiring an additional 24,372 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in PTC by 234.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 34,847 shares of the technology company's stock valued at $6,584,000 after acquiring an additional 24,415 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Rosenblatt Securities restated a "buy" rating and set a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. Berenberg Bank lowered shares of PTC from a "buy" rating to a "hold" rating and cut their target price for the company from $210.00 to $196.00 in a report on Friday. Finally, Robert W. Baird lifted their target price on shares of PTC from $216.00 to $226.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $200.67.

Insider Buying and Selling at PTC

In other news, Director Robert Schechter sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now owns 59,616 shares of the company's stock, valued at approximately $10,237,855.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the sale, the director now owns 44,137 shares of the company's stock, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Schechter sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the sale, the director now directly owns 59,616 shares in the company, valued at $10,237,855.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $1,714,010 over the last 90 days. 1.17% of the stock is owned by insiders.

PTC Trading Down 0.2 %

Shares of PTC stock traded down $0.30 on Friday, hitting $185.03. 739,700 shares of the stock traded hands, compared to its average volume of 795,678. The firm's 50-day moving average price is $178.38 and its two-hundred day moving average price is $177.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $22.23 billion, a PE ratio of 75.65, a PEG ratio of 2.75 and a beta of 1.17. PTC Inc. has a twelve month low of $135.16 and a twelve month high of $194.24.

PTC (NASDAQ:PTC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. PTC had a net margin of 13.32% and a return on equity of 13.36%. The company had revenue of $518.64 million for the quarter, compared to analysts' expectations of $533.04 million. As a group, analysts anticipate that PTC Inc. will post 3.51 EPS for the current year.

PTC Company 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.