Mutual of America Capital Management LLC Sells 163 Shares of PTC Inc. (NASDAQ:PTC)

Mutual of America Capital Management LLC reduced its position in shares of PTC Inc. (NASDAQ:PTC) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,434 shares of the technology company’s stock after selling 163 shares during the period. Mutual of America Capital Management LLC’s holdings in PTC were worth $4,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PTC. Allworth Financial LP lifted its position in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Covestor Ltd lifted its position in shares of PTC by 70.8% during the third quarter. Covestor Ltd now owns 193 shares of the technology company’s stock worth $35,000 after purchasing an additional 80 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of PTC during the third quarter valued at approximately $66,000. Sentry Investment Management LLC acquired a new stake in shares of PTC in the fourth quarter valued at approximately $84,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in PTC in the 3rd quarter worth approximately $152,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Piper Sandler upped their target price on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research note on Saturday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $210.09.

Insider Buying and Selling at PTC

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

PTC Stock Down 1.3 %

Shares of NASDAQ PTC opened at $158.44 on Wednesday. PTC Inc. has a 52-week low of $155.53 and a 52-week high of $203.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $19.06 billion, a P/E ratio of 48.90, a P/E/G ratio of 2.27 and a beta of 1.19. The firm has a 50 day moving average price of $178.91 and a 200 day moving average price of $182.84.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Analysts expect that PTC Inc. will post 4.46 EPS for the current 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.