PTC Inc. (NASDAQ:PTC) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its stake in shares of PTC Inc. (NASDAQ:PTC) by 23.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,093 shares of the technology company’s stock after selling 343 shares during the period. EntryPoint Capital LLC’s holdings in PTC were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PTC. Allworth Financial LP increased its holdings in shares of PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Assetmark Inc. increased its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock valued at $61,000 after buying an additional 297 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after acquiring an additional 205 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of PTC during the 4th quarter worth about $84,000. Finally, Jones Financial Companies Lllp grew its position in shares of PTC by 1,140.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the technology company’s stock valued at $84,000 after acquiring an additional 422 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

PTC Stock Performance

NASDAQ:PTC opened at $154.80 on Friday. The company has a market cap of $18.63 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.27 and a beta of 1.22. PTC Inc. has a twelve month low of $151.80 and a twelve month high of $203.09. The company’s 50-day moving average price is $169.84 and its 200-day moving average price is $180.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PTC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Stifel Nicolaus increased their target price on PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. KeyCorp boosted their price target on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average price target of $210.09.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. This represents a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

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.