National Pension Service Cuts Stock Position in PTC Inc. (NASDAQ:PTC)

National Pension Service lowered its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,307 shares of the technology company's stock after selling 2,639 shares during the quarter. National Pension Service owned about 0.17% of PTC worth $36,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of PTC by 1.5% during the 1st 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. Impax Asset Management Group plc grew its holdings in shares of PTC by 4.4% during the second quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company's stock valued at $206,091,000 after buying an additional 48,553 shares during the last quarter. Liontrust Investment Partners LLP increased its position in shares of PTC by 1.0% in the 2nd quarter. Liontrust Investment Partners LLP now owns 1,003,922 shares of the technology company's stock valued at $182,383,000 after acquiring an additional 10,338 shares during the period. Price T Rowe Associates Inc. MD lifted its position in PTC by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 875,282 shares of the technology company's stock worth $165,377,000 after acquiring an additional 40,462 shares during the period. Finally, Fernbridge Capital Management LP lifted its position in PTC by 6.3% during the 2nd quarter. Fernbridge Capital Management LP now owns 778,015 shares of the technology company's stock worth $141,342,000 after acquiring an additional 46,286 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

PTC Price Performance

PTC stock traded down $7.99 during midday trading on Thursday, reaching $190.05. The stock had a trading volume of 1,677,072 shares, compared to its average volume of 804,878. PTC Inc. has a 52-week low of $148.01 and a 52-week high of $199.48. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company's fifty day simple moving average is $179.50 and its 200 day simple moving average is $178.13. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 78.40, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. The firm 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%. As a group, sell-side analysts predict that PTC Inc. will post 3.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Rosenblatt Securities restated a "buy" rating and issued a $195.00 price objective on shares of PTC in a research note on Thursday, October 10th. StockNews.com lowered shares of PTC from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Berenberg Bank downgraded shares of PTC from a "buy" rating to a "hold" rating and dropped their price objective for the company from $210.00 to $196.00 in a report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of PTC from $202.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Piper Sandler boosted their target price on shares of PTC from $182.00 to $202.00 and gave the company a "neutral" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, PTC presently has an average rating of "Moderate Buy" and a consensus price target of $204.83.

Insider Buying and Selling

In other news, Director Janice Chaffin sold 4,000 shares of the business's 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 transaction, the director now owns 44,137 shares of the company's stock, valued at approximately $7,562,433.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.17% of the stock is currently owned by company insiders.

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.