Lbp Am Sa Reduces Stock Position in PTC Inc. $PTC

Lbp Am Sa reduced its holdings in shares of PTC Inc. (NASDAQ:PTC) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,818 shares of the technology company’s stock after selling 4,404 shares during the quarter. Lbp Am Sa owned 0.06% of PTC worth $14,987,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Daiwa Securities Group Inc. grew its stake in PTC by 13.4% in the second quarter. Daiwa Securities Group Inc. now owns 74,128 shares of the technology company’s stock worth $12,775,000 after purchasing an additional 8,786 shares in the last quarter. O ROURKE & COMPANY Inc bought a new position in PTC during the 2nd quarter worth approximately $258,000. Nisa Investment Advisors LLC grew its position in shares of PTC by 35.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,678 shares of the technology company’s stock worth $4,942,000 after acquiring an additional 7,546 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of PTC by 18.5% in the 2nd quarter. ARK Investment Management LLC now owns 19,024 shares of the technology company’s stock valued at $3,279,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of PTC by 2,075.2% during the 3rd quarter. Nordea Investment Management AB now owns 213,911 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 204,077 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PTC shares. BMO Capital Markets decreased their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Piper Sandler lowered their price objective on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Finally, Robert W. Baird set a $255.00 price target on PTC in a research report on Wednesday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.92.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the transaction, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This trade represents a 21.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $173.14, for a total value of $8,707,383.74. Following the transaction, the executive vice president owned 12,386 shares in the company, valued at approximately $2,144,512.04. This trade represents a 80.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,277 shares of company stock valued at $10,624,076 over the last 90 days. 0.29% of the stock is currently owned by insiders.

PTC Stock Performance

Shares of PTC opened at $162.14 on Monday. The firm has a market capitalization of $19.28 billion, a PE ratio of 26.41, a P/E/G ratio of 2.70 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $172.87 and a 200 day moving average price of $192.17. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The company had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. On average, sell-side analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

About PTC

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.