PTC Inc. (NASDAQ:PTC) Stake Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,434 shares of the technology company’s stock after selling 163 shares during the period. Mutual of America Capital Management LLC’s holdings in PTC were worth $4,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PTC. US Bancorp DE grew its position in PTC by 67.7% in the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock worth $2,559,000 after acquiring an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP boosted its holdings in PTC by 542.2% in the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock worth $3,640,000 after purchasing an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in PTC in the third quarter worth $84,549,000. Citigroup Inc. increased its position in PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock worth $26,971,000 after buying an additional 32,984 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Down 1.3 %

Shares of PTC opened at $158.44 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50-day simple moving average of $178.91 and a 200-day simple moving average of $182.84. PTC Inc. has a 52 week low of $155.53 and a 52 week high of $203.09. The firm has a market capitalization of $19.06 billion, a P/E ratio of 48.90, a P/E/G ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. On average, equities research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Ratings Changes

PTC has been the topic of a number of recent analyst reports. KeyCorp raised their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Piper Sandler lifted their price target on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup dropped their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Stifel Nicolaus boosted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

About PTC

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.