PTC Inc. (NASDAQ:PTC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in PTC Inc. (NASDAQ:PTC) by 28.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 656,444 shares of the technology company’s stock after selling 259,342 shares during the quarter. Legal & General Group Plc’s holdings in PTC were worth $120,700,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in PTC during the 4th quarter worth $30,000. Allworth Financial LP lifted its stake in shares of PTC by 58.0% in 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 in the last quarter. Assetmark Inc. boosted its position 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 acquiring an additional 297 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in PTC during the 4th quarter valued at about $77,000. Finally, Smartleaf Asset Management LLC raised its holdings in PTC by 83.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock valued at $83,000 after acquiring an additional 205 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Trading Down 3.7 %

Shares of PTC stock opened at $143.76 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $160.39 and a two-hundred day moving average of $178.78. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The stock has a market cap of $17.30 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.17.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PTC shares. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $160.00 price target (down previously from $210.00) on shares of PTC in a research report on Wednesday. Stifel Nicolaus raised their price objective 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. Citigroup decreased 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, Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.55.

Insider Transactions at PTC

In related news, Director Corinna Lathan sold 622 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $155.53, for a total transaction of $96,739.66. Following the transaction, the director now directly owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.