Bessemer Group Inc. Reduces Stock Holdings in PTC Inc. $PTC

Bessemer Group Inc. decreased its position in PTC Inc. (NASDAQ:PTC) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,443 shares of the technology company’s stock after selling 269 shares during the period. Bessemer Group Inc.’s holdings in PTC were worth $247,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group lifted its stake in PTC by 15.5% in the first quarter. Brooklyn Investment Group now owns 439 shares of the technology company’s stock valued at $68,000 after purchasing an additional 59 shares during the last quarter. Bellecapital International Ltd. raised its holdings in PTC by 4.3% during the 2nd quarter. Bellecapital International Ltd. now owns 1,604 shares of the technology company’s stock valued at $276,000 after acquiring an additional 66 shares during the period. D.A. Davidson & CO. raised its holdings in PTC by 1.9% during the 1st quarter. D.A. Davidson & CO. now owns 3,755 shares of the technology company’s stock valued at $582,000 after acquiring an additional 70 shares during the period. American Century Companies Inc. raised its holdings in PTC by 3.3% during the 1st quarter. American Century Companies Inc. now owns 2,271 shares of the technology company’s stock valued at $352,000 after acquiring an additional 73 shares during the period. Finally, Ballentine Partners LLC raised its holdings in PTC by 0.9% during the 2nd quarter. Ballentine Partners LLC now owns 8,565 shares of the technology company’s stock valued at $1,476,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PTC shares. Robert W. Baird set a $255.00 target price on shares of PTC in a report on Wednesday, October 22nd. KeyCorp restated an “overweight” rating and issued a $245.00 target price (up previously from $192.00) on shares of PTC in a research note on Thursday, July 31st. Weiss Ratings downgraded PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wells Fargo & Company restated an “overweight” rating on shares of PTC in a research note on Tuesday, July 29th. Finally, Oppenheimer raised their target price on PTC from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.31.

PTC Trading Down 1.1%

PTC stock opened at $196.36 on Tuesday. The stock has a market cap of $23.52 billion, a P/E ratio of 46.31, a PEG ratio of 1.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current 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 firm’s fifty day moving average price is $205.13 and its 200-day moving average price is $189.14.

Insider Buying and Selling at PTC

In related news, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the transaction, the executive vice president directly owned 15,743 shares of the company’s stock, valued at approximately $3,405,053.47. This trade represents a 11.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

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.