Lagoda Investment Management L.P. Sells 3,745 Shares of PTC Inc. (NASDAQ:PTC)

Lagoda Investment Management L.P. lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,980 shares of the technology company’s stock after selling 3,745 shares during the period. PTC accounts for about 5.6% of Lagoda Investment Management L.P.’s portfolio, making the stock its 6th largest position. Lagoda Investment Management L.P.’s holdings in PTC were worth $10,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PTC. Aster Capital Management DIFC Ltd acquired a new position in shares of PTC during the fourth quarter worth approximately $30,000. Allworth Financial LP raised its holdings in PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in PTC during the fourth quarter worth $51,000. Assetmark Inc. raised its holdings in PTC by 825.0% during the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after buying an additional 297 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of PTC in the 4th quarter worth about $77,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Trading Down 1.1%

Shares of PTC stock opened at $162.94 on Monday. The company has a 50 day moving average of $153.52 and a 200-day moving average of $174.47. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The firm has a market cap of $19.54 billion, a P/E ratio of 50.29, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The business had revenue of $636.37 million during the quarter, compared to the consensus estimate of $608.64 million. During the same period last year, the business posted $1.46 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts anticipate 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 analyst reports. Piper Sandler lowered their target price on shares of PTC from $202.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Mizuho lowered their price objective on PTC from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Robert W. Baird increased their price target on PTC from $185.00 to $191.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Stifel Nicolaus lowered their price target on PTC from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, KeyCorp lowered their price target on PTC from $211.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PTC has an average rating of “Moderate Buy” and a consensus price target of $187.15.

Insider Buying and Selling

In other news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated 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 transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the transaction, the executive vice president now owns 17,731 shares of the company’s stock, valued at $2,836,960. This represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

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.