Yousif Capital Management LLC Trims Stake in PTC Inc. (NASDAQ:PTC)

Yousif Capital Management LLC lessened its position in shares of PTC Inc. (NASDAQ:PTC) by 4.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,839 shares of the technology company’s stock after selling 626 shares during the quarter. Yousif Capital Management LLC’s holdings in PTC were worth $2,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in PTC. State Street Corp grew its position in shares of PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock worth $917,088,000 after acquiring an additional 133,370 shares during the last quarter. Geode Capital Management LLC boosted its stake in PTC by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after purchasing an additional 37,645 shares during the period. Fernbridge Capital Management LP grew its position in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after purchasing an additional 650,990 shares during the last quarter. Franklin Resources Inc. increased its stake in PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after purchasing an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of PTC by 19.5% in 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. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PTC shares. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and dropped their price target for the company from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Piper Sandler increased their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup dropped their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average price target of $210.09.

PTC Stock Performance

NASDAQ:PTC opened at $169.02 on Monday. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09. The company has a market capitalization of $20.34 billion, a P/E ratio of 52.17, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $189.31 and a two-hundred day moving average price of $183.62.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, research analysts expect that PTC Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity

In other PTC 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 value of $2,054,398.04. Following the completion of the sale, the chief financial officer now owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock valued at $3,630,716 over the last 90 days. Insiders own 0.32% of the company’s stock.

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.