First National Advisers LLC Sells 3,969 Shares of PTC Inc. (NASDAQ:PTC)

First National Advisers LLC lowered its stake in PTC Inc. (NASDAQ:PTC) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,415 shares of the technology company’s stock after selling 3,969 shares during the quarter. First National Advisers LLC’s holdings in PTC were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in PTC during the 4th quarter valued at approximately $146,712,000. Fernbridge Capital Management LP grew its holdings in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after buying an additional 650,990 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in PTC during the 3rd quarter valued at approximately $84,549,000. Massachusetts Financial Services Co. MA grew its holdings in PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock valued at $167,012,000 after buying an additional 150,652 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

PTC stock opened at $155.80 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The business has a 50 day simple moving average of $174.75 and a 200-day simple moving average of $181.81. The firm has a market capitalization of $18.75 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. PTC Inc. has a 1 year low of $151.80 and a 1 year high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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%. Equities research analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp raised their price target on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. raised their price target on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Rosenblatt Securities restated a “buy” rating and set a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a report on Sunday, March 9th. Finally, Stifel Nicolaus lifted their target price on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.09.

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.