Mondrian Capital Management LLC cut its position in PTC Inc (NASDAQ:PTC) by 20.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the technology company’s stock after selling 10,000 shares during the period. Mondrian Capital Management LLC’s holdings in PTC were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of PTC. Geode Capital Management LLC increased its stake in PTC by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 1,116,381 shares of the technology company’s stock valued at $92,484,000 after buying an additional 65,279 shares during the last quarter. First Manhattan Co. bought a new position in shares of PTC in the 1st quarter valued at about $92,000. Retirement Systems of Alabama grew its position in shares of PTC by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 158,983 shares of the technology company’s stock valued at $14,655,000 after acquiring an additional 511 shares during the period. Quantitative Systematic Strategies LLC grew its position in shares of PTC by 62.5% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 6,411 shares of the technology company’s stock valued at $591,000 after acquiring an additional 2,466 shares during the period. Finally, Oakbrook Investments LLC bought a new position in shares of PTC in the 1st quarter valued at about $1,028,000. 91.32% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ PTC traded up $1.47 during trading on Friday, reaching $65.18. The company’s stock had a trading volume of 38,282 shares, compared to its average volume of 1,998,837. The company has a current ratio of 1.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 72.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.15. PTC Inc has a 12 month low of $62.05 and a 12 month high of $107.44. The firm has a 50 day moving average price of $80.36 and a 200 day moving average price of $87.66.
In other PTC news, EVP Matthew Lessner Cohen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at approximately $2,310,480. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now owns 49,797 shares of the company’s stock, valued at $3,364,783.29. The disclosure for this sale can be found here. Insiders sold a total of 18,950 shares of company stock valued at $1,536,636 over the last 90 days. Corporate insiders own 9.91% of the company’s stock.
PTC has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of PTC from a “buy” rating to a “hold” rating and decreased their price objective for the company from $105.00 to $84.00 in a research report on Thursday, July 25th. Citigroup set a $89.00 price objective on shares of PTC and gave the company a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. Mizuho reduced their target price on shares of PTC from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, BidaskClub downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $93.13.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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