Xponance Inc. Sells 1,031 Shares of PTC Inc. (NASDAQ:PTC)

Xponance Inc. decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,734 shares of the technology company’s stock after selling 1,031 shares during the quarter. Xponance Inc.’s holdings in PTC were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Metis Global Partners LLC increased its holdings in PTC by 24.4% during the 3rd quarter. Metis Global Partners LLC now owns 5,783 shares of the technology company’s stock worth $819,000 after acquiring an additional 1,133 shares during the period. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of PTC in the fourth quarter worth $9,647,000. Ballentine Partners LLC boosted its stake in PTC by 786.0% during the fourth quarter. Ballentine Partners LLC now owns 15,336 shares of the technology company’s stock valued at $2,683,000 after buying an additional 13,605 shares during the period. Wellington Management Group LLP grew its position in PTC by 153.9% during the third quarter. Wellington Management Group LLP now owns 111,340 shares of the technology company’s stock worth $15,775,000 after buying an additional 67,493 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in PTC by 3.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 788,746 shares of the technology company’s stock worth $137,999,000 after acquiring an additional 23,716 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity at PTC

In other news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the SEC, which is available through this link. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The disclosure for this sale can be found here. Insiders have sold a total of 36,415 shares of company stock worth $6,457,478 in the last 90 days. Company insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on PTC shares. Barclays upped their price objective on shares of PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised shares of PTC from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $130.00 to $200.00 in a report on Thursday, January 4th. KeyCorp increased their target price on PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Finally, BMO Capital Markets increased their price objective on PTC from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.73.

PTC Stock Performance

Shares of PTC stock opened at $176.37 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. PTC Inc. has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The company has a market capitalization of $21.09 billion, a P/E ratio of 89.53, a PEG ratio of 3.15 and a beta of 1.17. The stock has a 50 day moving average price of $183.49 and a two-hundred day moving average price of $169.07.

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

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.