Moors & Cabot Inc. Sells 200 Shares of PTC Inc. (NASDAQ:PTC)

Moors & Cabot Inc. decreased its holdings in PTC Inc. (NASDAQ:PTC) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,715 shares of the technology company’s stock after selling 200 shares during the period. Moors & Cabot Inc.’s holdings in PTC were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PTC. Coldstream Capital Management Inc. grew its stake in PTC by 2.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,615 shares of the technology company’s stock worth $458,000 after buying an additional 55 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in PTC by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 61 shares during the period. Diversified Trust Co grew its holdings in PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock worth $398,000 after acquiring an additional 62 shares during the period. First Horizon Advisors Inc. grew its stake in shares of PTC by 77.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 142 shares of the technology company’s stock worth $26,000 after purchasing an additional 62 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in PTC by 5.4% in the first quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock valued at $275,000 after buying an additional 74 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total transaction of $685,360.00. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, 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 this hyperlink. Also, Director Robert Schechter sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total transaction of $858,650.00. Following 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 sold a total of 14,000 shares of company stock worth $2,431,330 over the last 90 days. 1.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

PTC Stock Up 2.3 %

Shares of NASDAQ PTC opened at $179.13 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock has a market cap of $21.52 billion, a P/E ratio of 74.95, a PEG ratio of 3.19 and a beta of 1.18. The business’s fifty day simple moving average is $174.39 and its 200-day simple moving average is $178.65. PTC Inc. has a 12-month low of $134.61 and a 12-month high of $194.24.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 13.32% and a return on equity of 13.36%. As a group, equities analysts predict that PTC Inc. will post 3.52 EPS for the current fiscal year.

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.