Public Employees Retirement Association of Colorado Sells 283 Shares of PTC Inc. (NASDAQ:PTC)

Public Employees Retirement Association of Colorado reduced its position in shares of PTC Inc. (NASDAQ:PTC) by 0.2% during the first quarter, Holdings Channel reports. The firm owned 135,152 shares of the technology company’s stock after selling 283 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PTC were worth $25,536,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PTC. Wellington Management Group LLP increased its stake in shares of PTC by 1,409.3% in the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after purchasing an additional 1,569,081 shares in the last quarter. Twin Focus Capital Partners LLC purchased a new position in shares of PTC in the fourth quarter worth about $177,081,000. Norges Bank purchased a new position in shares of PTC in the fourth quarter worth about $114,043,000. Balyasny Asset Management L.P. increased its stake in shares of PTC by 173.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock worth $95,050,000 after purchasing an additional 344,853 shares in the last quarter. Finally, Matrix Capital Management Company LP purchased a new position in shares of PTC in the first quarter worth about $56,076,000. 95.14% of the stock is owned by institutional investors.

PTC Stock Up 1.4 %

Shares of PTC stock traded up $2.36 during mid-day trading on Monday, reaching $176.16. 331,917 shares of the company’s stock traded hands, compared to its average volume of 827,701. PTC Inc. has a 12 month low of $134.61 and a 12 month high of $194.24. The company has a market cap of $21.09 billion, a P/E ratio of 73.71, a P/E/G ratio of 3.26 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $178.27 and its 200-day moving average price is $180.17.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The company had revenue of $603.07 million for the quarter, compared to analysts’ expectations of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, equities analysts expect that PTC Inc. will post 3.48 earnings per share for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, COO Michael Ditullio sold 6,592 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the transaction, the chief operating officer now owns 53,148 shares in the company, valued at approximately $9,734,056.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Michael Ditullio sold 6,592 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,254 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the completion of the sale, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,846 shares of company stock worth $2,854,951. Company insiders own 1.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on PTC shares. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Robert W. Baird lifted their target price on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Citigroup dropped their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Mizuho reiterated a “neutral” rating and set a $190.00 target price (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $199.73.

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.