PTC Inc. (NASDAQ:PTC) Stock Holdings Trimmed by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. cut its holdings in PTC Inc. (NASDAQ:PTC) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 189,304 shares of the technology company’s stock after selling 2,143 shares during the quarter. PTC comprises 3.3% of Capital Investment Services of America Inc.’s holdings, making the stock its 8th largest position. Capital Investment Services of America Inc. owned 0.16% of PTC worth $34,807,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fernbridge Capital Management LP raised its position in shares of PTC by 83.7% in 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 purchasing an additional 650,990 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of PTC by 767.8% in the third quarter. Congress Asset Management Co. now owns 662,826 shares of the technology company’s stock worth $119,746,000 after buying an additional 586,443 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of PTC during the third quarter worth $84,549,000. Massachusetts Financial Services Co. MA grew its holdings in shares of PTC by 19.5% during the third 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after acquiring an additional 135,677 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

NASDAQ:PTC opened at $189.76 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.38. PTC Inc. has a 52 week low of $163.30 and a 52 week high of $203.09. The stock’s 50-day moving average price is $190.67 and its 200-day moving average price is $183.69. The stock has a market capitalization of $22.84 billion, a PE ratio of 61.02, a price-to-earnings-growth ratio of 2.62 and a beta of 1.19.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.37% and a return on equity of 14.63%. As a group, equities analysts expect that PTC Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity at PTC

In other news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,242 shares of company stock valued at $3,630,716. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PTC has been the subject of a number of research reports. Piper Sandler lifted their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Citigroup decreased their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

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.