Yousif Capital Management LLC Trims Stock Holdings in PTC Inc. (NASDAQ:PTC)

Yousif Capital Management LLC decreased its stake in PTC Inc. (NASDAQ:PTC) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,711 shares of the technology company’s stock after selling 128 shares during the quarter. Yousif Capital Management LLC’s holdings in PTC were worth $2,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PTC. Tilia Fiduciary Partners Inc. grew its position in shares of PTC by 5.0% during the first quarter. Tilia Fiduciary Partners Inc. now owns 10,692 shares of the technology company’s stock worth $1,657,000 after purchasing an additional 512 shares in the last quarter. UMB Bank n.a. grew its position in shares of PTC by 153.4% during the first quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock worth $46,000 after purchasing an additional 178 shares in the last quarter. Portside Wealth Group LLC grew its position in shares of PTC by 2.4% during the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock worth $514,000 after purchasing an additional 78 shares in the last quarter. Sendero Wealth Management LLC purchased a new stake in shares of PTC during the first quarter worth about $358,000. Finally, Silverberg Bernstein Capital Management LLC grew its position in shares of PTC by 5.0% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 50,308 shares of the technology company’s stock worth $7,795,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Trading Down 1.0%

PTC opened at $169.34 on Monday. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of 52.27, a PEG ratio of 2.27 and a beta of 1.18. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $203.09. The stock has a fifty day moving average price of $160.41 and a 200-day moving average price of $170.67.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.37 by $0.42. PTC had a return on equity of 14.49% and a net margin of 16.95%. The firm had revenue of $636.37 million during the quarter, compared to analyst estimates of $608.64 million. During the same period in the previous year, the company posted $1.46 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PTC. Piper Sandler dropped their price target on PTC from $202.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price objective on shares of PTC in a research note on Thursday, May 1st. BMO Capital Markets raised their price objective on PTC from $183.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus decreased their price target on PTC from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their price target on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.69.

Insider Buying and Selling

In other PTC news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the sale, the executive vice president now owns 17,731 shares in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

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.