Sentry Investment Management LLC Lowers Stake in PTC Inc. (NASDAQ:PTC)

Sentry Investment Management LLC decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 623 shares of the technology company’s stock after selling 67 shares during the period. Sentry Investment Management LLC’s holdings in PTC were worth $109,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of PTC during the second quarter worth $25,000. Clear Street Markets LLC grew its holdings in PTC by 93.5% in the 1st quarter. Clear Street Markets LLC now owns 207 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. Legacy Financial Group LLC acquired a new position in shares of PTC during the 3rd quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in shares of PTC during the 3rd quarter worth about $41,000. Finally, Resources Management Corp CT ADV boosted its position in shares of PTC by 4,285.7% in the third quarter. Resources Management Corp CT ADV now owns 307 shares of the technology company’s stock worth $43,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares in the company, valued at approximately $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the completion of the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 over the last three months. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Down 0.6 %

NASDAQ:PTC opened at $177.48 on Thursday. The firm has a market capitalization of $21.22 billion, a PE ratio of 90.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.17. The stock has a 50 day moving average of $183.74 and a 200-day moving average of $168.35. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. PTC Inc. has a 52 week low of $120.62 and a 52 week high of $194.24.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. PTC had a return on equity of 12.87% and a net margin of 10.86%. Analysts predict that PTC Inc. will post 3.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PTC. BMO Capital Markets lifted their price target on shares of PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Barclays upped their price target on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. upgraded PTC from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Friday, April 12th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $210.00 price objective on shares of PTC in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, PTC presently has a consensus rating of “Moderate Buy” and an average target price of $196.73.

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.