Van Lanschot Kempen Investment Management N.V. Sells 126,213 Shares of PTC Inc. (NASDAQ:PTC)

Van Lanschot Kempen Investment Management N.V. lowered its position in PTC Inc. (NASDAQ:PTC - Free Report) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 703,225 shares of the technology company's stock after selling 126,213 shares during the period. PTC accounts for approximately 1.3% of Van Lanschot Kempen Investment Management N.V.'s portfolio, making the stock its 18th largest position. Van Lanschot Kempen Investment Management N.V. owned 0.58% of PTC worth $129,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG grew its position in shares of PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company's stock worth $722,000 after buying an additional 55 shares during the period. Wedmont Private Capital increased its stake 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 purchasing an additional 64 shares in the last quarter. Allworth Financial LP raised its holdings in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the period. Otter Creek Advisors LLC boosted its position in shares of PTC by 0.4% during the 4th quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company's stock worth $3,527,000 after purchasing an additional 80 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC grew its stake in shares of PTC by 3.2% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company's stock valued at $542,000 after buying an additional 91 shares during the period. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on PTC shares. Citigroup reduced their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets reduced their price target 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. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of PTC from $181.00 to $185.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, StockNews.com cut shares of PTC from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.08.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

PTC Price Performance

PTC stock traded up $3.94 during midday trading on Thursday, reaching $151.64. 787,431 shares of the stock were exchanged, compared to its average volume of 875,416. The company's fifty day moving average is $155.15 and its 200-day moving average is $176.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The firm has a market cap of $18.25 billion, a PE ratio of 46.80, a PEG ratio of 2.27 and a beta of 1.17.

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

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.