PTC Inc. $PTC Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its position in PTC Inc. (NASDAQ:PTC) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,528 shares of the technology company’s stock after selling 230 shares during the quarter. AlphaQuest LLC’s holdings in PTC were worth $436,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mather Group LLC. lifted its holdings in shares of PTC by 18.3% during the first quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock valued at $131,000 after purchasing an additional 131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PTC by 20.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company’s stock valued at $2,091,000 after purchasing an additional 2,285 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of PTC by 8.2% during the first quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 724 shares during the last quarter. ARK Investment Management LLC lifted its holdings in shares of PTC by 18.5% during the second quarter. ARK Investment Management LLC now owns 19,024 shares of the technology company’s stock valued at $3,279,000 after purchasing an additional 2,965 shares during the last quarter. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of PTC during the second quarter valued at $2,154,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Stock Performance

Shares of PTC stock opened at $197.86 on Thursday. 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 fifty-two week low of $133.38 and a fifty-two week high of $219.69. The stock’s 50-day moving average is $206.11 and its two-hundred day moving average is $187.74. The firm has a market cap of $23.70 billion, a P/E ratio of 46.67, a PEG ratio of 1.95 and a beta of 1.14.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $582.12 million. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. Analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PTC shares. Royal Bank Of Canada upped their target price on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $204.00 target price on shares of PTC in a report on Tuesday, July 29th. Weiss Ratings downgraded PTC from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. UBS Group reissued a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Oppenheimer increased their price objective on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.71.

PTC 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.