Hennion & Walsh Asset Management Inc. Sells 116 Shares of PTC Inc. (NASDAQ:PTC)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,446 shares of the technology company’s stock after selling 116 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PTC were worth $651,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PTC. Lindbrook Capital LLC increased its holdings in shares of PTC by 108.3% during the fourth quarter. Lindbrook Capital LLC now owns 175 shares of the technology company’s stock worth $31,000 after purchasing an additional 91 shares during the period. Riverview Trust Co acquired a new stake in shares of PTC during the 1st quarter valued at $34,000. Resources Management Corp CT ADV boosted its position in PTC by 4,285.7% during the 3rd quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after buying an additional 300 shares during the period. Principal Securities Inc. bought a new stake in shares of PTC in the 4th quarter valued at about $46,000. Finally, Van ECK Associates Corp increased its position in shares of PTC by 26.0% during the fourth quarter. Van ECK Associates Corp now owns 523 shares of the technology company’s stock worth $92,000 after buying an additional 108 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Citigroup cut their price target on shares of PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Rosenblatt Securities restated a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Friday, April 12th. Finally, Mizuho reaffirmed a “neutral” rating and set a $190.00 price target (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 issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $199.73.

Insiders Place Their Bets

In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total value of $712,800.00. Following the completion of the transaction, the director now directly owns 52,137 shares in the company, valued at $9,290,813.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $178.20, for a total value of $712,800.00. Following the sale, the director now directly owns 52,137 shares of the company’s stock, valued at $9,290,813.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total transaction of $217,506.30. Following the transaction, the insider now directly owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders have sold a total of 11,846 shares of company stock worth $2,137,631 over the last 90 days. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Up 1.0 %

Shares of NASDAQ PTC opened at $182.89 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $21.89 billion, a PE ratio of 76.52, a P/E/G ratio of 3.42 and a beta of 1.18. PTC Inc. has a one year low of $134.61 and a one year high of $194.24. The business’s fifty day moving average price is $178.13 and its 200-day moving average price is $179.11.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $603.07 million for the quarter, compared to the consensus estimate of $575.53 million. PTC had a net margin of 12.84% and a return on equity of 13.76%. On average, equities research analysts anticipate that PTC Inc. will post 3.48 EPS for the current year.

PTC 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.