Aviva PLC Sells 21,502 Shares of PTC Inc. (NASDAQ:PTC)

Aviva PLC cut its stake in PTC Inc. (NASDAQ:PTC) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 534,776 shares of the technology company’s stock after selling 21,502 shares during the quarter. Aviva PLC’s holdings in PTC were worth $98,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PTC. Bank Pictet & Cie Europe AG grew its stake in shares of PTC by 1.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after buying an additional 55 shares during the last quarter. Wedmont Private Capital boosted its holdings in PTC by 1.6% during the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after acquiring an additional 64 shares during the period. Allworth Financial LP grew its position in PTC by 58.0% in the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after acquiring an additional 69 shares during the last quarter. Otter Creek Advisors LLC increased its stake in PTC by 0.4% in the fourth 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 during the period. Finally, Kirtland Hills Capital Management LLC increased its stake in PTC by 3.2% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,948 shares of the technology company’s stock worth $542,000 after purchasing an additional 91 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PTC news, Director Corinna Lathan sold 622 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now directly owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Performance

Shares of NASDAQ:PTC opened at $139.77 on Friday. The firm has a 50 day moving average of $166.16 and a 200 day moving average of $180.21. 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 $16.82 billion, a price-to-earnings ratio of 43.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC Inc. has a 52 week low of $139.66 and a 52 week high of $203.09.

PTC (NASDAQ:PTC) last released 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 return on equity of 14.49% and a net margin of 16.95%. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PTC. Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus boosted their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Citigroup reduced their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, KeyCorp increased their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $210.09.

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.