Mutual of America Capital Management LLC Sells 3,406 Shares of PTC Inc. $PTC

Mutual of America Capital Management LLC trimmed its position in shares of PTC Inc. (NASDAQ:PTC) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,983 shares of the technology company’s stock after selling 3,406 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PTC were worth $2,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of PTC in the third quarter worth approximately $30,000. SJS Investment Consulting Inc. raised its holdings 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 acquiring an additional 158 shares during the last quarter. Versant Capital Management Inc lifted its position in PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock valued at $39,000 after acquiring an additional 53 shares in the last quarter. Assetmark Inc. lifted 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 acquiring an additional 207 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Trading Up 1.7%

Shares of PTC stock opened at $156.13 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.54 and a beta of 1.01. PTC Inc. has a 1 year low of $133.38 and a 1 year high of $219.69. The firm has a fifty day moving average price of $171.68 and a 200-day moving average price of $191.04.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PTC. Citigroup decreased their price target on PTC from $185.00 to $181.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings lowered PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. BMO Capital Markets reduced their price target on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Robert W. Baird set a $255.00 price objective on shares of PTC in a research report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $201.77.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 6,328 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at approximately $3,925,958.19. This represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president owned 12,386 shares in the company, valued at approximately $2,144,512.04. The trade was a 80.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 61,277 shares of company stock valued at $10,624,076. 0.29% of the stock is currently owned by corporate insiders.

About PTC

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.