Ownership Capital B.V. Has $13.40 Million Stock Holdings in PTC Inc. $PTC

Ownership Capital B.V. reduced its position in PTC Inc. (NASDAQ:PTC) by 89.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,006 shares of the technology company’s stock after selling 551,235 shares during the quarter. PTC makes up about 7.5% of Ownership Capital B.V.’s investment portfolio, making the stock its 3rd largest holding. Ownership Capital B.V. owned approximately 0.06% of PTC worth $13,401,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Campbell Newman Asset Management Inc. grew its position in shares of PTC by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 12,147 shares of the technology company’s stock worth $2,466,000 after purchasing an additional 49 shares in the last quarter. Diversified Trust Co increased its holdings in shares of PTC by 2.5% in the 3rd quarter. Diversified Trust Co now owns 2,209 shares of the technology company’s stock worth $448,000 after buying an additional 53 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares during the last quarter. Archford Capital Strategies LLC grew its position in PTC by 1.4% in the third quarter. Archford Capital Strategies LLC now owns 4,695 shares of the technology company’s stock worth $953,000 after acquiring an additional 63 shares in the last quarter. Finally, Bellecapital International Ltd. increased its stake in PTC by 4.3% during the second quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock worth $276,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets cut their price objective on shares of PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen raised PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Robert W. Baird set a $255.00 price objective on PTC in a research report on Wednesday, October 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of PTC in a research report on Tuesday. Finally, Piper Sandler cut their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $205.92.

Insider Activity at PTC

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

PTC Stock Up 2.2%

Shares of NASDAQ PTC opened at $165.77 on Tuesday. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $219.69. The stock’s fifty day simple moving average is $172.71 and its two-hundred day simple moving average is $191.97. The stock has a market capitalization of $19.71 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. The company had revenue of $1.76 billion for the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. As a group, analysts expect that PTC Inc. will post 4.46 EPS for the current fiscal year.

PTC Profile

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.