Robeco Institutional Asset Management B.V. decreased its stake in shares of PTC Inc (NASDAQ:PTC) by 97.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,200 shares of the technology company’s stock after selling 146,630 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PTC were worth $255,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in PTC. Tributary Capital Management LLC purchased a new position in PTC in the third quarter worth $109,000. Cerebellum GP LLC purchased a new position in PTC in the fourth quarter worth $128,000. Advisor Group Inc. boosted its position in PTC by 7.4% in the second quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock worth $150,000 after purchasing an additional 186 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in PTC by 85.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in PTC in the third quarter worth $218,000. 97.98% of the stock is currently owned by institutional investors.
PTC Inc (NASDAQ PTC) opened at $67.69 on Friday. PTC Inc has a 1 year low of $50.68 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $8,099.21, a price-to-earnings ratio of 100.94, a PEG ratio of 2.49 and a beta of 1.49.
In related news, VP Staats Aaron C. Von sold 9,947 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.67, for a total transaction of $643,272.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $1,614,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,260 shares of company stock worth $5,501,295. 1.19% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the company. Zacks Investment Research cut PTC from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Seaport Global Securities reaffirmed a “buy” rating and set a $83.00 price target on shares of PTC in a research report on Friday, January 19th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of PTC in a research report on Monday. Finally, Evercore ISI reaffirmed a “buy” rating and set a $85.00 price target on shares of PTC in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $70.81.
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PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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