Ownership Capital B.V. Sells 24,688 Shares of PTC Inc. (NASDAQ:PTC)

Ownership Capital B.V. reduced its position in PTC Inc. (NASDAQ:PTC) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 922,456 shares of the technology company’s stock after selling 24,688 shares during the period. PTC comprises approximately 6.2% of Ownership Capital B.V.’s portfolio, making the stock its 5th largest holding. Ownership Capital B.V.’s holdings in PTC were worth $169,612,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG increased its holdings in PTC by 1.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after purchasing an additional 55 shares in the last quarter. Wedmont Private Capital grew its stake in PTC by 1.6% in the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after acquiring an additional 64 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after acquiring an additional 66 shares in the last quarter. Allworth Financial LP raised its position in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in shares of PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Robert W. Baird raised their target price on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Stock Performance

Shares of PTC opened at $169.92 on Thursday. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 52.44, a PEG ratio of 2.34 and a beta of 1.19. PTC Inc. has a 12 month low of $163.30 and a 12 month high of $203.09. 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 stock has a 50 day moving average of $184.34 and a 200 day moving average of $183.30.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,539 shares of company stock valued at $3,301,697. Company insiders own 0.32% of the company’s stock.

PTC Company 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.