SG Americas Securities LLC Sells 20,419 Shares of PTC Inc. (NASDAQ:PTC)

SG Americas Securities LLC decreased its position in PTC Inc. (NASDAQ:PTC) by 89.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,311 shares of the technology company’s stock after selling 20,419 shares during the quarter. SG Americas Securities LLC’s holdings in PTC were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in PTC by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,267 shares of the technology company’s stock worth $1,865,000 after buying an additional 61 shares during the last quarter. Diversified Trust Co increased its stake in shares of PTC by 2.9% during the second quarter. Diversified Trust Co now owns 2,193 shares of the technology company’s stock valued at $398,000 after buying an additional 62 shares during the period. First Horizon Advisors Inc. increased its stake 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 period. Fidelis Capital Partners LLC grew its stake in PTC by 5.4% in the first quarter. Fidelis Capital Partners LLC now owns 1,454 shares of the technology company’s stock worth $275,000 after purchasing an additional 74 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in PTC by 4.0% in the first quarter. Bleakley Financial Group LLC now owns 2,052 shares of the technology company’s stock worth $388,000 after purchasing an additional 78 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Trading Up 0.4 %

Shares of NASDAQ:PTC opened at $185.22 on Friday. The company has a market cap of $22.17 billion, a P/E ratio of 77.50, a PEG ratio of 2.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. PTC Inc. has a 1 year low of $134.61 and a 1 year high of $194.24. The stock’s fifty day moving average price is $176.11 and its 200-day moving average price is $177.72.

PTC (NASDAQ:PTC) last posted its earnings results 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. PTC had a return on equity of 13.36% and a net margin of 13.32%. The company had revenue of $518.64 million for the quarter, compared to the consensus estimate of $533.04 million. Sell-side analysts expect that PTC Inc. will post 3.51 earnings per share for the current year.

Insider Buying and Selling at PTC

In other PTC news, 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 value of $858,650.00. Following the transaction, the director now owns 59,616 shares of the company’s stock, valued at approximately $10,237,855.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the transaction, the director now owns 59,616 shares of the company’s stock, valued at $10,237,855.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the completion of the transaction, the executive vice president now directly owns 13,902 shares in the company, valued at $2,363,340. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,000 shares of company stock valued at $1,714,010. 1.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PTC shares. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, August 1st. Piper Sandler increased 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. Rosenblatt Securities reissued a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Thursday, October 10th. Finally, StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.