Railway Pension Investments Ltd Has $3.13 Million Holdings in PTC Inc. $PTC

Railway Pension Investments Ltd cut its stake in PTC Inc. (NASDAQ:PTC) by 91.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,426 shares of the technology company’s stock after selling 166,900 shares during the period. Railway Pension Investments Ltd’s holdings in PTC were worth $3,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. SJS Investment Consulting Inc. raised its position in PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock worth $34,000 after purchasing an additional 158 shares during the last quarter. Assetmark Inc. boosted its position in PTC by 339.3% in the 2nd quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after buying an additional 207 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of PTC by 34.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of PTC during the second quarter worth $53,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of PTC during the second quarter valued at $61,000. 95.14% of the stock is owned by institutional investors.

PTC Stock Down 2.4%

PTC stock opened at $170.10 on Monday. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.84 and a beta of 1.01. The company’s 50 day simple moving average is $178.69 and its 200 day simple moving average is $192.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. PTC Inc. has a fifty-two week low of $133.38 and a fifty-two week high of $219.69.

PTC (NASDAQ:PTC) last posted its earnings results on Friday, November 21st. The technology company reported $2.10 earnings per share for the quarter. The company had revenue of $1.76 billion for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. As a group, sell-side analysts anticipate that PTC Inc. will post 4.46 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on PTC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of PTC in a research report on Monday, December 29th. Piper Sandler lowered their price target on shares of PTC from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Rosenblatt Securities reduced their price objective on shares of PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and a consensus target price of $205.92.

Insider Buying and Selling at PTC

In other PTC news, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total transaction of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 6,328 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the transaction, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,277 shares of company stock worth $10,624,076 in the last ninety days. 0.29% of the stock is currently owned by company insiders.

PTC Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.