PTC Inc. (NASDAQ:PTC) Stock Holdings Lowered by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its holdings in shares of PTC Inc. (NASDAQ:PTC) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,040 shares of the technology company’s stock after selling 235 shares during the quarter. Kintegral Advisory LLC’s holdings in PTC were worth $927,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PTC. State Street Corp lifted its position in shares of PTC by 2.7% during the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after acquiring an additional 133,370 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock valued at $533,341,000 after purchasing an additional 37,645 shares during the last quarter. Fernbridge Capital Management LP lifted its holdings in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after purchasing an additional 650,990 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of PTC by 2.9% in the 3rd 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 increased its stake in PTC by 19.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after purchasing an additional 150,652 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

PTC Price Performance

PTC opened at $161.65 on Friday. The stock has a fifty day moving average price of $182.89 and a 200 day moving average price of $183.14. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 1 year low of $161.02 and a 1 year high of $203.09. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last announced its quarterly earnings results 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 net margin of 16.95% and a return on equity of 14.49%. Analysts forecast that PTC Inc. will post 4.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PTC shares. Royal Bank of Canada upped their price objective on shares of PTC from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup reduced their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $204.00 price objective on shares of PTC in a research report on Tuesday, February 4th. KeyCorp increased their target price on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.09.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kristian Talvitie sold 10,306 shares of the company’s 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 sale, the chief financial officer now owns 57,134 shares of the company’s stock, valued at approximately $11,389,091.56. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,539 shares of company stock valued at $3,301,697 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

About PTC

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.