Mount Yale Investment Advisors LLC Sells 700 Shares of PTC Inc. (NASDAQ:PTC)

Mount Yale Investment Advisors LLC lowered its holdings in shares of PTC Inc. (NASDAQ:PTC) by 28.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,745 shares of the technology company’s stock after selling 700 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in PTC were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in PTC by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 13,740,919 shares of the technology company’s stock worth $2,596,209,000 after purchasing an additional 205,673 shares during the period. Wellington Management Group LLP raised its stake in shares of PTC by 1,409.3% in the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock worth $294,006,000 after buying an additional 1,569,081 shares during the period. Impax Asset Management Group plc lifted its position in shares of PTC by 4.4% during the 2nd quarter. Impax Asset Management Group plc now owns 1,141,782 shares of the technology company’s stock valued at $206,091,000 after buying an additional 48,553 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of PTC by 18.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,066,671 shares of the technology company’s stock valued at $201,537,000 after acquiring an additional 166,112 shares during the period. Finally, Twin Focus Capital Partners LLC purchased a new stake in PTC in the 4th quarter worth approximately $177,081,000. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price target 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 restated an “outperform” rating and set a $202.00 target price on shares of PTC in a research note on Thursday, August 1st. Mizuho reiterated a “neutral” rating and issued a $190.00 price target (down previously from $200.00) on shares of PTC in a research note on Tuesday, June 4th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Rosenblatt Securities upped their price objective on PTC from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.18.

Insider Transactions at PTC

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

PTC Price Performance

Shares of PTC stock opened at $177.79 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. PTC Inc. has a 12 month low of $134.61 and a 12 month high of $194.24. The stock has a 50 day moving average of $173.99 and a 200 day moving average of $178.43. The firm has a market cap of $21.36 billion, a PE ratio of 74.39, a PEG ratio of 3.32 and a beta of 1.18.

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. PTC had a return on equity of 13.36% and a net margin of 13.32%. The firm had revenue of $518.64 million during the quarter, compared to the consensus estimate of $533.04 million. On average, research analysts expect 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.