Price T Rowe Associates Inc. MD Decreases Stock Holdings in PTC Inc. (NASDAQ:PTC)

Price T Rowe Associates Inc. MD trimmed its position in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,555,438 shares of the technology company's stock after selling 133,898 shares during the period. Price T Rowe Associates Inc. MD owned 2.12% of PTC worth $469,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of PTC in the fourth quarter worth $30,000. Allworth Financial LP grew its position in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock worth $35,000 after buying an additional 69 shares in the last quarter. Assetmark Inc. increased its stake in PTC by 825.0% in the 4th quarter. Assetmark Inc. now owns 333 shares of the technology company's stock worth $61,000 after acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in PTC in the 4th quarter worth about $77,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company's stock valued at $83,000 after acquiring an additional 205 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

PTC stock traded up $2.39 during midday trading on Friday, reaching $154.03. 1,016,811 shares of the company traded hands, compared to its average volume of 876,202. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 47.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17. The business has a 50 day moving average of $154.42 and a two-hundred day moving average of $176.28.

PTC (NASDAQ:PTC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, research analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Activity

In other PTC 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 value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares in the company, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Mizuho lowered their target price on shares of PTC from $190.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Citigroup cut their target price on shares of PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Robert W. Baird raised their price target on PTC from $181.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, April 22nd. BMO Capital Markets cut their price objective on PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $190.38.

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.