Sigma Planning Corp Decreases Stock Position in PTC Inc. (NASDAQ:PTC)

Sigma Planning Corp decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 20.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,287 shares of the technology company’s stock after selling 1,121 shares during the period. Sigma Planning Corp’s holdings in PTC were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Covestor Ltd raised its holdings in shares of PTC by 70.8% in the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 80 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of PTC during the 3rd quarter worth $66,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PTC during the third quarter worth $152,000. Finally, Longboard Asset Management LP purchased a new position in PTC in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Staats Aaron C. Von sold 5,373 shares of PTC stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total value of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This trade represents a 19.84 % decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

PTC Stock Up 0.1 %

PTC opened at $162.72 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. PTC Inc. has a 12 month low of $160.53 and a 12 month high of $203.09. The stock has a market capitalization of $19.58 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.27 and a beta of 1.19. The business has a 50 day simple moving average of $181.46 and a 200-day simple moving average of $183.22.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. On average, equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PTC shares. KeyCorp upped their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Robert W. Baird upped their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $204.00 target price on shares of PTC in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target 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 given a buy rating to the company. According to data from MarketBeat, PTC currently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

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.