PTC Inc. (NASDAQ:PTC) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,542 shares of the technology company’s stock after selling 185 shares during the period. Blair William & Co. IL’s holdings in PTC were worth $394,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PTC. Bartlett & CO. Wealth Management LLC acquired a new position in shares of PTC in the first quarter valued at approximately $26,000. Motco purchased a new stake in shares of PTC in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PTC in the first quarter valued at approximately $33,000. UMB Bank n.a. boosted its stake in shares of PTC by 153.4% in the first quarter. UMB Bank n.a. now owns 294 shares of the technology company’s stock valued at $46,000 after buying an additional 178 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in shares of PTC in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,988 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total value of $429,984.52. Following the completion of the transaction, the executive vice president directly owned 15,743 shares of the company’s stock, valued at $3,405,053.47. The trade was a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PTC. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Barclays set a $233.00 price target on PTC in a research note on Thursday, July 31st. Oppenheimer lifted their price target on PTC from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada lifted their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average price target of $202.14.

PTC Stock Down 1.0%

PTC opened at $203.29 on Tuesday. The business’s fifty day moving average is $186.31 and its two-hundred day moving average is $170.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $24.35 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 2.18 and a beta of 1.17. PTC Inc. has a one year low of $133.38 and a one year high of $219.69.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. PTC had a return on equity of 17.09% and a net margin of 20.74%. The company had revenue of $643.94 million during the quarter, compared to analysts’ expectations of $582.12 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

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.