Rhumbline Advisers Has $41.19 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

Rhumbline Advisers trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 224,042 shares of the technology company's stock after selling 4,066 shares during the quarter. Rhumbline Advisers owned 0.19% of PTC worth $41,194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG increased its holdings in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock valued at $722,000 after buying an additional 55 shares during the last quarter. Wedmont Private Capital increased its holdings in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company's stock valued at $734,000 after buying an additional 64 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in PTC by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company's stock valued at $4,690,000 after buying an additional 66 shares during the last quarter. Metis Global Partners LLC increased its holdings in PTC by 1.1% in the third quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company's stock valued at $1,202,000 after buying an additional 73 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in PTC by 9.3% in the third quarter. Signaturefd LLC now owns 894 shares of the technology company's stock valued at $162,000 after acquiring an additional 76 shares during the period. 95.14% of the stock is owned by institutional investors.

PTC Price Performance

PTC traded down $4.11 during trading on Friday, reaching $161.65. The stock had a trading volume of 902,434 shares, compared to its average volume of 1,117,583. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 1-year low of $161.02 and a 1-year high of $203.09. The stock has a 50 day moving average of $183.63 and a two-hundred day moving average of $183.18.

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 the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. As a group, equities analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total transaction of $172,000.00. Following the sale, the director now directly owns 6,843 shares of the company's stock, valued at $1,368,600. The trade was a 11.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,539 shares of company stock valued at $3,301,697. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTC. Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com upgraded PTC from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Berenberg Bank downgraded PTC from a "buy" rating to a "hold" rating and decreased their target price for the company from $210.00 to $196.00 in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $210.09.

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.