Retirement Systems of Alabama Has $4.58 Million Holdings in PTC Inc. (NASDAQ:PTC)

Retirement Systems of Alabama trimmed its stake in shares of PTC Inc. (NASDAQ:PTC) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,189 shares of the technology company’s stock after selling 680 shares during the period. Retirement Systems of Alabama’s holdings in PTC were worth $4,582,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PTC. Lindbrook Capital LLC grew its stake in shares of PTC by 108.3% during the 4th quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Resources Management Corp CT ADV boosted its stake in shares of PTC by 4,285.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC bought a new position in PTC in the fourth quarter valued at approximately $124,000. Delta Capital Management LLC bought a new stake in shares of PTC during the 4th quarter worth approximately $205,000. Finally, Lincoln National Corp acquired a new stake in shares of PTC in the 3rd quarter valued at approximately $207,000. 95.14% of the stock is owned by institutional investors.

Insider Activity at PTC

In other PTC news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction that occurred 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 sale, 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 SEC, which is available at the SEC website. 1.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PTC has been the topic of several analyst reports. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Mizuho dropped their price target on shares of PTC from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays upped their target price on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer upped their price objective on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price target on shares of PTC in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.64.

PTC Stock Performance

Shares of PTC opened at $178.22 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $183.23 and its two-hundred day simple moving average is $171.80. PTC Inc. has a 12 month low of $127.89 and a 12 month high of $194.24. The stock has a market capitalization of $21.31 billion, a P/E ratio of 74.57, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19.

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.