Teachers Retirement System of The State of Kentucky Trims Stock Holdings in PTC Inc. (NASDAQ:PTC)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of PTC Inc. (NASDAQ:PTC - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,663 shares of the technology company's stock after selling 1,919 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in PTC were worth $7,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in PTC by 5.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after acquiring an additional 9,893 shares during the period. JPMorgan Chase & Co. boosted its position in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Oak Thistle LLC acquired a new stake in PTC during the fourth quarter worth approximately $1,113,000. Proficio Capital Partners LLC bought a new stake in PTC in the fourth quarter worth approximately $8,858,000. Finally, Avantax Advisory Services Inc. acquired a new position in PTC in the fourth quarter valued at approximately $223,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

PTC has been the subject of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of PTC from $220.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $160.00 price target (down from $210.00) on shares of PTC in a report on Wednesday, April 9th. KeyCorp dropped their price objective on shares of PTC from $211.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities restated a "buy" rating and issued a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, PTC currently has an average rating of "Moderate Buy" and a consensus price target of $192.08.

PTC Stock Up 2.7 %

PTC stock traded up $3.94 during trading on Thursday, reaching $151.64. The stock had a trading volume of 787,431 shares, compared to its average volume of 875,416. PTC Inc. has a one year low of $133.38 and a one year high of $203.09. The company's 50 day moving average is $154.76 and its two-hundred day moving average is $176.48. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 46.80, a P/E/G ratio of 2.27 and a beta of 1.17.

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

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.