PTC Inc. $PTC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in PTC Inc. (NASDAQ:PTC) by 33.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,627 shares of the technology company’s stock after selling 46,500 shares during the period. Fisher Asset Management LLC owned 0.08% of PTC worth $15,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. O ROURKE & COMPANY Inc acquired a new stake in PTC during the second quarter worth about $258,000. Nisa Investment Advisors LLC boosted its position in PTC by 35.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,678 shares of the technology company’s stock worth $4,942,000 after purchasing an additional 7,546 shares in the last quarter. ARK Investment Management LLC grew its stake in shares of PTC by 18.5% during the 2nd quarter. ARK Investment Management LLC now owns 19,024 shares of the technology company’s stock worth $3,279,000 after purchasing an additional 2,965 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of PTC by 33.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 33,244 shares of the technology company’s stock valued at $5,729,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of PTC by 3.3% in the 2nd quarter. Aviva PLC now owns 362,647 shares of the technology company’s stock valued at $62,499,000 after purchasing an additional 11,616 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ PTC opened at $177.37 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.43. The stock’s 50 day simple moving average is $190.76 and its 200-day simple moving average is $191.68. The company has a market cap of $21.19 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. PTC Inc. has a 1-year low of $133.38 and a 1-year high of $219.69.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The firm had revenue of $1.76 billion during the quarter. PTC had a return on equity of 23.03% and a net margin of 27.05%. As a group, equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PTC has been the topic of several analyst reports. Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Piper Sandler reduced their price target on PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Wall Street Zen upgraded PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Weiss Ratings restated a “buy (b-)” rating on shares of PTC in a research report on Monday. Finally, Rosenblatt Securities decreased their target price on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.92.

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.