Yousif Capital Management LLC Has $2.63 Million Holdings in PTC Inc. (NASDAQ:PTC)

Yousif Capital Management LLC lowered its stake in shares of PTC Inc. (NASDAQ:PTC) by 32.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,024 shares of the technology company’s stock after selling 7,271 shares during the period. Yousif Capital Management LLC’s holdings in PTC were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after purchasing an additional 859,227 shares during the period. Barclays PLC boosted its position in shares of PTC by 67.0% during the third quarter. Barclays PLC now owns 691,521 shares of the technology company’s stock worth $97,975,000 after purchasing an additional 277,358 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of PTC in the 3rd quarter valued at $39,054,000. Assenagon Asset Management S.A. increased its position in shares of PTC by 1,675.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 243,921 shares of the technology company’s stock valued at $34,559,000 after buying an additional 230,179 shares in the last quarter. Finally, Northern Trust Corp raised its stake in PTC by 15.6% during the 3rd quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after buying an additional 168,917 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

PTC Stock Down 0.2 %

PTC stock opened at $180.68 on Tuesday. The business’s 50 day simple moving average is $183.60 and its 200 day simple moving average is $170.69. PTC Inc. has a 1-year low of $124.42 and a 1-year high of $194.24. The firm has a market capitalization of $21.60 billion, a PE ratio of 91.72, a PEG ratio of 3.23 and a beta of 1.17. 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 (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. As a group, research analysts anticipate that PTC Inc. will post 3.47 EPS for the current year.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of research analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $210.00 target price on shares of PTC in a research note on Tuesday, April 2nd. Barclays upped their price objective on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 price objective on shares of PTC in a research report on Thursday, February 1st. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $202.40.

Insider Buying and Selling at PTC

In other news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at $2,489,835.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other PTC news, CEO James E. Heppelmann sold 35,000 shares of PTC stock in a transaction dated 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 sale, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at approximately $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 valued at $6,457,478 in the last three months. 1.17% of the stock is currently owned by company insiders.

PTC 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.