PTC Inc. (NASDAQ:PTC) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of PTC Inc. (NASDAQ:PTC) by 34.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,500 shares of the technology company’s stock after selling 10,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PTC were worth $3,769,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Covestor Ltd grew 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 buying an additional 80 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of PTC during the third quarter worth approximately $66,000. Park Place Capital Corp acquired a new stake in shares of PTC during the third quarter worth approximately $67,000. Blue Trust Inc. grew its position in shares of PTC by 473.9% during the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after buying an additional 654 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PTC during the third quarter worth approximately $152,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PTC. Berenberg Bank downgraded shares of PTC from a “buy” rating to a “hold” rating and decreased their price target for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Robert W. Baird raised their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Piper Sandler raised their price objective on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity at PTC

In related news, CFO Kristian Talvitie sold 10,306 shares of PTC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the transaction, the chief financial officer now directly owns 57,134 shares of the company’s stock, valued at $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corinna Lathan sold 860 shares of PTC stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now directly owns 6,843 shares in the company, valued at approximately $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

PTC Stock Performance

PTC stock opened at $171.61 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 2.62 and a beta of 1.19. PTC Inc. has a 1 year low of $163.30 and a 1 year high of $203.09. The stock’s fifty day moving average is $190.48 and its two-hundred day moving average is $183.73.

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 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%. On average, research analysts predict that PTC Inc. will post 4.62 EPS for the current year.

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.