Yousif Capital Management LLC Cuts Stake in PTC Inc. (NASDAQ:PTC)

Yousif Capital Management LLC lessened its stake in PTC Inc. (NASDAQ:PTC) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,024 shares of the technology company’s stock after selling 7,271 shares during the quarter. Yousif Capital Management LLC’s holdings in PTC were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Legacy Financial Group LLC purchased a new position in PTC in the third quarter worth about $28,000. Lindbrook Capital LLC lifted its position in PTC by 108.3% in the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock valued at $31,000 after acquiring an additional 91 shares in the last quarter. Resources Management Corp CT ADV lifted its position in PTC by 4,285.7% in the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock valued at $43,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC purchased a new stake in PTC during the 4th quarter valued at $124,000. Finally, CWM LLC increased its holdings in shares of PTC by 6.9% in the 3rd quarter. CWM LLC now owns 1,155 shares of the technology company’s stock worth $164,000 after purchasing an additional 75 shares in the last quarter. 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. Oppenheimer upped their price target on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Mizuho lifted their price objective on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 target price on shares of PTC in a report on Thursday, February 1st. KeyCorp boosted their price target on PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Piper Sandler increased their price objective on shares of PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $202.40.

Insider Buying and Selling at PTC

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

PTC Trading Down 0.2 %

Shares of NASDAQ:PTC opened at $180.68 on Tuesday. PTC Inc. has a 12-month low of $124.42 and a 12-month high of $194.24. The company has a market cap of $21.60 billion, a PE ratio of 91.72, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17. The stock has a 50 day moving average of $183.60 and a 200 day moving average of $170.69. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. PTC had a net margin of 10.86% and a return on equity of 12.87%. The business had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. As a group, equities research analysts expect that PTC Inc. will post 3.47 EPS for the current year.

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.