Public Employees Retirement Association of Colorado Lowers Stock Position in PTC Inc. (NASDAQ:PTC)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,960 shares of the technology company’s stock after selling 192 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.11% of PTC worth $24,518,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. 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. Blue Trust Inc. grew its stake in shares of PTC by 762.5% during the second quarter. Blue Trust Inc. now owns 138 shares of the technology company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of PTC in the 2nd quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in PTC in the 2nd quarter worth approximately $30,000. Finally, OFI Invest Asset Management purchased a new stake in PTC during the 2nd quarter worth approximately $31,000. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 1.8 %

PTC opened at $175.90 on Friday. The company has a fifty day moving average of $174.25 and a two-hundred day moving average of $178.58. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 73.60, a PEG ratio of 3.24 and a beta of 1.18. PTC Inc. has a fifty-two week low of $134.61 and a fifty-two week high of $194.24. 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 (NASDAQ:PTC) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $518.64 million for the quarter, compared to analysts’ expectations of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. On average, research analysts expect that PTC Inc. will post 3.52 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares in the company, valued at approximately $2,363,340. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Staats Aaron C. Von sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $170.00, for a total transaction of $170,000.00. Following the completion of the sale, the executive vice president now owns 13,902 shares of the company’s stock, valued at $2,363,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction dated 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 owns 44,137 shares of the company’s stock, valued at approximately $7,562,433.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,000 shares of company stock valued at $2,431,330. Company insiders own 1.17% of the company’s stock.

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.