Janney Montgomery Scott LLC Sells 100 Shares of PTC Inc. (NASDAQ:PTC)

Janney Montgomery Scott LLC lowered its stake in PTC Inc. (NASDAQ:PTC) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194 shares of the technology company’s stock after selling 100 shares during the quarter. Janney Montgomery Scott LLC’s holdings in PTC were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Covestor Ltd grew its holdings in PTC by 70.8% in the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares during the period. Brooklyn Investment Group acquired a new stake in shares of PTC in the 3rd quarter valued at about $66,000. Blue Trust Inc. increased its position in PTC by 473.9% in the 3rd quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock valued at $144,000 after buying an additional 654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in PTC in the 3rd quarter valued at about $152,000. Finally, Signaturefd LLC raised its stake in PTC by 9.3% during the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PTC shares. Citigroup decreased their price objective on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. KeyCorp upped their target price on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird lifted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler increased their price objective on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insiders Place Their Bets

In other PTC news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the sale, the chief accounting officer now owns 830 shares in the company, valued at $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

PTC Price Performance

Shares of NASDAQ:PTC opened at $166.57 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. The company has a market capitalization of $20.05 billion, a P/E ratio of 51.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company’s 50-day moving average is $188.05 and its 200 day moving average is $183.62.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. On average, equities research analysts forecast that PTC Inc. will post 4.62 earnings per share for the current year.

About PTC

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.