Public Employees Retirement System of Ohio Decreases Stake in PTC Inc. (NASDAQ:PTC)

Public Employees Retirement System of Ohio lowered its stake in PTC Inc. (NASDAQ:PTC) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,578 shares of the technology company’s stock after selling 2,657 shares during the period. Public Employees Retirement System of Ohio’s holdings in PTC were worth $8,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of PTC by 180.8% in the first quarter. Intech Investment Management LLC now owns 27,073 shares of the technology company’s stock worth $5,115,000 after buying an additional 17,430 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of PTC by 25.2% in the fourth quarter. Handelsbanken Fonder AB now owns 25,300 shares of the technology company’s stock worth $4,426,000 after acquiring an additional 5,100 shares during the period. Portfolio Design Labs LLC acquired a new stake in shares of PTC in the fourth quarter worth $4,316,000. Norges Bank acquired a new stake in shares of PTC in the fourth quarter worth $114,043,000. Finally, USA Financial Formulas acquired a new stake in shares of PTC in the fourth quarter worth $1,355,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at PTC

In other news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $179.33, for a total value of $717,320.00. Following the transaction, the director now directly owns 48,137 shares of the company’s stock, valued at $8,632,408.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $179.33, for a total transaction of $717,320.00. Following the transaction, the director now directly owns 48,137 shares of the company’s stock, valued at $8,632,408.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares in the company, valued at $2,358,573.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,846 shares of company stock valued at $2,854,951. Corporate insiders own 1.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PTC. Robert W. Baird increased their price objective on shares of PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Mizuho restated a “neutral” rating and set a $190.00 price target (down previously from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Barclays raised their price target on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.73.

PTC Price Performance

PTC traded up $1.09 during midday trading on Tuesday, hitting $178.31. 43,194 shares of the company traded hands, compared to its average volume of 827,055. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 74.15, a PEG ratio of 3.26 and a beta of 1.18. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24. The business has a 50 day simple moving average of $178.14 and a two-hundred day simple moving average of $180.21.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, equities analysts forecast that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

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.