Commonwealth Equity Services LLC Sells 481 Shares of PTC Inc. (NASDAQ:PTC)

Commonwealth Equity Services LLC cut its stake in shares of PTC Inc. (NASDAQ:PTCGet Rating) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,162 shares of the technology company’s stock after selling 481 shares during the period. Commonwealth Equity Services LLC’s holdings in PTC were worth $867,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PTC. Stephens Inc. AR lifted its stake in PTC by 121.0% during the 3rd quarter. Stephens Inc. AR now owns 274 shares of the technology company’s stock valued at $33,000 after acquiring an additional 150 shares in the last quarter. FourThought Financial LLC purchased a new stake in shares of PTC during the 4th quarter valued at $38,000. Cutler Group LP increased its position in shares of PTC by 401.0% during the 4th quarter. Cutler Group LP now owns 501 shares of the technology company’s stock valued at $60,000 after purchasing an additional 401 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of PTC during the 4th quarter valued at $62,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of PTC during the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 92.93% of the company’s stock.

PTC has been the subject of several research analyst reports. Royal Bank of Canada decreased their target price on PTC from $165.00 to $150.00 in a research report on Tuesday, January 25th. TheStreet lowered PTC from a “b-” rating to a “c+” rating in a research report on Tuesday, February 8th. Zacks Investment Research lowered PTC from a “strong-buy” rating to a “hold” rating and set a $129.00 target price for the company. in a research report on Tuesday, January 4th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Saturday, April 16th. Finally, Citigroup decreased their price objective on PTC from $140.00 to $125.00 in a report on Tuesday, January 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $145.11.

In other news, CEO James E. Heppelmann sold 5,000 shares of PTC stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $116.16, for a total transaction of $580,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 3,741 shares of PTC stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $116.27, for a total value of $434,966.07. The disclosure for this sale can be found here. Company insiders own 10.15% of the company’s stock.

PTC stock opened at $99.12 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $11.68 billion, a PE ratio of 23.60, a PEG ratio of 3.16 and a beta of 1.26. PTC Inc. has a twelve month low of $97.00 and a twelve month high of $153.73. The stock has a 50-day simple moving average of $106.68 and a two-hundred day simple moving average of $114.78.

PTC (NASDAQ:PTCGet Rating) last posted its earnings results on Wednesday, January 26th. The technology company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.03). The company had revenue of $457.72 million for the quarter, compared to analysts’ expectations of $464.88 million. PTC had a net margin of 27.21% and a return on equity of 17.89%. During the same period in the previous year, the firm earned $0.58 EPS. On average, equities research analysts anticipate that PTC Inc. will post 3.07 EPS for the current fiscal year.

PTC Company Profile (Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

Further Reading

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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