PTC Inc. (NASDAQ:PTC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in PTC Inc. (NASDAQ:PTC - Free Report) by 12.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,132 shares of the technology company's stock after selling 28,361 shares during the quarter. New York State Common Retirement Fund owned approximately 0.16% of PTC worth $35,433,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PTC. First Horizon Advisors Inc. increased its position in PTC by 77.5% in the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company's stock worth $26,000 after buying an additional 62 shares in the last quarter. Blue Trust Inc. increased its position in PTC by 762.5% in the second quarter. Blue Trust Inc. now owns 138 shares of the technology company's stock worth $26,000 after buying an additional 122 shares in the last quarter. Rothschild Investment LLC purchased a new stake in PTC in the second quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in shares of PTC during the second quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new stake in shares of PTC during the second quarter worth about $31,000. Institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PTC. Piper Sandler lifted their target price on PTC from $177.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price objective on PTC from $216.00 to $226.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. StockNews.com downgraded 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 issued a $202.00 price objective on shares of PTC in a research note on Thursday, August 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, PTC currently has an average rating of "Moderate Buy" and a consensus target price of $200.67.

PTC Stock Down 0.2 %

Shares of PTC traded down $0.30 during trading hours on Friday, hitting $185.03. The company had a trading volume of 739,700 shares, compared to its average volume of 591,076. The company's fifty day moving average price is $178.53 and its two-hundred day moving average price is $177.82. PTC Inc. has a one year low of $135.16 and a one year high of $194.24. The company has a market capitalization of $22.23 billion, a PE ratio of 75.52, a price-to-earnings-growth ratio of 2.72 and a beta of 1.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

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

Insider Activity

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

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.