Teachers Retirement System of The State of Kentucky Sells 1,628 Shares of PTC Inc. (NASDAQ:PTC)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the technology company’s stock after selling 1,628 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PTC were worth $958,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA lifted its position in PTC by 67.9% during the third quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the technology company’s stock valued at $28,000 after purchasing an additional 95 shares during the last quarter. Utah Retirement Systems raised its position in PTC by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 20,077 shares of the technology company’s stock worth $2,836,000 after buying an additional 100 shares during the last quarter. Toth Financial Advisory Corp raised its position in PTC by 8.5% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,270 shares of the technology company’s stock worth $152,000 after buying an additional 100 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of PTC by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,278 shares of the technology company’s stock valued at $1,351,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of PTC by 0.4% during the 3rd quarter. State of Michigan Retirement System now owns 26,500 shares of the technology company’s stock valued at $3,174,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.

In related news, CEO James E. Heppelmann sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $121.91, for a total transaction of $1,828,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kristian Talvitie sold 12,482 shares of the business’s stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $120.15, for a total transaction of $1,499,712.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,623 shares of company stock valued at $3,585,796. Company insiders own 10.15% of the company’s stock.

Shares of PTC opened at $115.88 on Friday. PTC Inc. has a one year low of $105.49 and a one year high of $153.73. The company has a market cap of $13.66 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $118.18 and a two-hundred day simple moving average of $126.68.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, November 3rd. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.73. The company had revenue of $480.66 million for the quarter, compared to analysts’ expectations of $430.30 million. PTC had a net margin of 26.39% and a return on equity of 18.55%. PTC’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, analysts expect that PTC Inc. will post 3.03 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on PTC. JPMorgan Chase & Co. cut shares of PTC from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $175.00 to $138.00 in a research report on Tuesday, December 14th. Zacks Investment Research downgraded PTC from a “strong-buy” rating to a “hold” rating and set a $129.00 price target for the company. in a report on Tuesday, January 4th. Citigroup dropped their price target on PTC from $155.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, November 4th. Barclays decreased their price target on PTC from $161.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 13th. Finally, Loop Capital dropped their target price on PTC from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, November 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PTC presently has an average rating of “Buy” and a consensus target price of $150.11.

PTC Company Profile

PTC, Inc engages in the development and provision of software-based product management and development solutions. It operates through the Software products and Professional Services segments. The Software Products segment includes license, subscription and related support revenue for its products. The Professional Services segment consists of consulting, implementation and training services.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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