Strs Ohio Has $1.52 Million Stake in PTC Inc. (NASDAQ:PTC)

Strs Ohio decreased its holdings in PTC Inc. (NASDAQ:PTC) by 29.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,692 shares of the technology company’s stock after selling 3,615 shares during the period. Strs Ohio’s holdings in PTC were worth $1,520,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. CWM LLC increased its holdings in PTC by 6.9% in the third quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after buying an additional 75 shares during the last quarter. Stephens Inc. AR increased its holdings in PTC by 25.7% in the first quarter. Stephens Inc. AR now owns 401 shares of the technology company’s stock worth $51,000 after buying an additional 82 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in PTC by 5.0% in the second quarter. Bleakley Financial Group LLC now owns 1,791 shares of the technology company’s stock worth $255,000 after buying an additional 85 shares during the last quarter. Avior Wealth Management LLC increased its holdings in PTC by 3.2% in the third quarter. Avior Wealth Management LLC now owns 2,881 shares of the technology company’s stock worth $408,000 after buying an additional 90 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in PTC by 2.6% in the third quarter. Fiera Capital Corp now owns 3,490 shares of the technology company’s stock worth $494,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Up 0.4 %

PTC opened at $176.37 on Monday. PTC Inc. has a 1-year low of $120.62 and a 1-year high of $194.24. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 89.53, a P/E/G ratio of 3.15 and a beta of 1.17. The business has a 50 day moving average of $183.49 and a 200-day moving average of $169.07.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The company had revenue of $550.21 million during the quarter, compared to analysts’ expectations of $538.59 million. As a group, sell-side analysts anticipate that PTC Inc. will post 3.47 earnings per share for the current year.

Insider Activity at PTC

In related news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now directly owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,415 shares of company stock worth $6,457,478. 1.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on PTC shares. BMO Capital Markets increased their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho upped their target price on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 target price on shares of PTC in a research report on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Finally, Piper Sandler upped their target price on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.73.

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.