Teachers Retirement System of The State of Kentucky Lowers Position in PTC Inc. (NASDAQ:PTC)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 8.6% during the third quarter, HoldingsChannel reports. The firm owned 42,582 shares of the technology company’s stock after selling 4,011 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in PTC were worth $7,693,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in shares of PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after acquiring an additional 61 shares in the last quarter. Diversified Trust Co raised its holdings in PTC by 2.9% in the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after purchasing an additional 62 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of PTC by 77.5% during the second quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after buying an additional 66 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock valued at $1,202,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PTC. StockNews.com raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Robert W. Baird increased their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, PTC presently has an average rating of “Moderate Buy” and a consensus price target of $205.67.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 1,703 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $199.34, for a total value of $2,054,398.04. Following the transaction, the chief financial officer now owns 57,134 shares of the company’s stock, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,242 shares of company stock worth $3,630,716. 1.17% of the stock is owned by company insiders.

PTC Trading Down 0.3 %

Shares of NASDAQ:PTC opened at $201.30 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 52-week low of $163.30 and a 52-week high of $203.09. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 2.74 and a beta of 1.16. The business has a 50-day moving average price of $190.66 and a 200-day moving average price of $181.07.

About PTC

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.