PTC Inc. (NASDAQ:PTC) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in PTC Inc. (NASDAQ:PTC) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,530 shares of the technology company’s stock after selling 264 shares during the quarter. Cetera Investment Advisers’ holdings in PTC were worth $857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of PTC by 16.5% during the 1st quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock worth $517,000 after purchasing an additional 473 shares during the period. Mather Group LLC. grew its holdings in shares of PTC by 18.3% during the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock worth $131,000 after purchasing an additional 131 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of PTC by 20.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 2,285 shares during the period. M&T Bank Corp lifted its position in PTC by 8.2% during the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 724 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company’s stock worth $312,000 after acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the completion of the transaction, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. This represents a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PTC. Robert W. Baird boosted their price target on PTC from $185.00 to $191.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price target on PTC from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Barclays set a $233.00 price target on PTC in a research report on Thursday, July 31st. UBS Group reissued a “buy” rating on shares of PTC in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada boosted their price target on PTC from $224.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.14.

PTC Price Performance

Shares of PTC opened at $208.37 on Thursday. The company has a market cap of $24.96 billion, a P/E ratio of 49.14, a PEG ratio of 2.17 and a beta of 1.17. The stock has a fifty day moving average price of $187.84 and a 200 day moving average price of $171.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.42. The firm had revenue of $643.94 million during the quarter, compared to the consensus estimate of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, research analysts forecast that PTC Inc. will post 4.46 earnings per share 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.