National Pension Service Trims Stock Holdings in PTC Inc. (NASDAQ:PTC)

National Pension Service decreased its holdings in PTC Inc. (NASDAQ:PTC) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 193,089 shares of the technology company’s stock after selling 8,218 shares during the period. National Pension Service’s holdings in PTC were worth $35,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of PTC. Allspring Global Investments Holdings LLC grew its stake in PTC by 8.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,238 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 493 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of PTC by 786.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,445 shares of the technology company’s stock worth $261,000 after buying an additional 1,282 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of PTC by 35.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,438 shares of the technology company’s stock worth $1,537,000 after buying an additional 2,216 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of PTC by 0.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 24,687 shares of the technology company’s stock worth $4,460,000 after buying an additional 100 shares during the last quarter. Finally, abrdn plc increased its holdings in shares of PTC by 14.7% in the 3rd quarter. abrdn plc now owns 119,042 shares of the technology company’s stock worth $21,559,000 after buying an additional 15,239 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

PTC has been the topic of a number of research analyst reports. KeyCorp increased their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Robert W. Baird upped their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus upped their price objective 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. Finally, Royal Bank of Canada upped their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Trading Up 0.5 %

Shares of PTC opened at $163.63 on Friday. The firm has a fifty day simple moving average of $179.98 and a two-hundred day simple moving average of $182.89. PTC Inc. has a twelve month low of $160.53 and a twelve month high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.69 billion, a P/E ratio of 50.50, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last posted its earnings results 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%. On average, research analysts anticipate that PTC Inc. will post 4.46 EPS 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 dated Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the completion of the transaction, the executive vice president now directly owns 21,707 shares in the company, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $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. 0.32% of the stock is owned by company insiders.

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.