Forsta AP Fonden Has $4.27 Million Holdings in PTC Inc. (NASDAQ:PTC)

Forsta AP Fonden cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,500 shares of the technology company’s stock after selling 3,000 shares during the period. Forsta AP Fonden’s holdings in PTC were worth $4,269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PTC. Principal Securities Inc. acquired a new position in shares of PTC during the fourth quarter worth $46,000. Dimensional Fund Advisors LP grew its position in shares of PTC by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 468,918 shares of the technology company’s stock valued at $82,044,000 after buying an additional 3,925 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of PTC by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 145,685 shares of the technology company’s stock valued at $25,489,000 after buying an additional 2,097 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of PTC by 9.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,583 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 546 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of PTC by 15.8% in the fourth quarter. Quadrant Capital Group LLC now owns 790 shares of the technology company’s stock worth $138,000 after acquiring an additional 108 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PTC news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the completion of the sale, the director now directly owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PTC news, Director Janice Chaffin sold 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now directly owns 44,137 shares in the company, valued at approximately $7,562,433.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Schechter sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the sale, the director now owns 59,616 shares of the company’s stock, valued at approximately $10,237,855.68. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock worth $2,431,330 in the last quarter. Insiders own 1.17% of the company’s stock.

PTC Stock Up 0.8 %

Shares of NASDAQ:PTC opened at $172.23 on Friday. The business’s 50 day simple moving average is $174.74 and its two-hundred day simple moving average is $178.86. The firm has a market cap of $20.69 billion, a P/E ratio of 72.06, a PEG ratio of 3.14 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. PTC Inc. has a 52-week low of $134.61 and a 52-week high of $194.24.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. As a group, research analysts forecast that PTC Inc. will post 3.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on PTC shares. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Piper Sandler boosted their target price on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 price target on shares of PTC in a report on Thursday, August 1st. Mizuho reissued a “neutral” rating and issued a $190.00 price objective (down from $200.00) on shares of PTC in a research note on Tuesday, June 4th. Finally, Rosenblatt Securities upped their target price on PTC from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $200.18.

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.