PTC Inc. (NASDAQ:PTC) Shares Sold by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,908 shares of the technology company’s stock after selling 1,200 shares during the period. PTC accounts for about 7.8% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 4th largest position. Silverberg Bernstein Capital Management LLC’s holdings in PTC were worth $8,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PTC. Fernbridge Capital Management LP raised its position in PTC by 83.7% in the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of PTC by 767.8% during the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares during the period. D1 Capital Partners L.P. acquired a new stake in PTC in the third quarter valued at approximately $84,549,000. Massachusetts Financial Services Co. MA lifted its stake in PTC by 66.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 773,804 shares of the technology company’s stock worth $140,577,000 after acquiring an additional 310,092 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock worth $97,193,000 after acquiring an additional 135,677 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of PTC stock opened at $188.80 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $22.72 billion, a PE ratio of 60.71, a P/E/G ratio of 2.70 and a beta of 1.18. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The stock has a fifty day moving average price of $191.93 and a 200 day moving average price of $182.89.

Analyst Upgrades and Downgrades

Several research firms recently commented on PTC. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Berenberg Bank downgraded PTC from a “buy” rating to a “hold” rating and dropped their price objective for the company from $210.00 to $196.00 in a report on Friday, November 1st. Robert W. Baird boosted their target price on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.54.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. This represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. Insiders own 0.32% of the company’s stock.

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.