Robeco Schweiz AG Decreases Stake in PTC Inc. (NASDAQ:PTC)

Robeco Schweiz AG lowered its position in PTC Inc. (NASDAQ:PTC) by 15.2% in the fourth quarter, Holdings Channel reports. The fund owned 578,077 shares of the technology company’s stock after selling 103,973 shares during the period. PTC makes up approximately 2.3% of Robeco Schweiz AG’s portfolio, making the stock its 11th biggest holding. Robeco Schweiz AG’s holdings in PTC were worth $106,291,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in PTC by 2.7% in 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 raised its holdings in PTC by 1.3% during the third 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 in the last quarter. Fernbridge Capital Management LP raised its holdings in PTC by 83.7% during the third 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 in the last quarter. Franklin Resources Inc. raised its holdings in PTC by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after purchasing an additional 30,525 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in PTC by 19.5% during the third 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. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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 on Monday, December 9th. The shares were sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now directly owns 21,707 shares in the company, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Piper Sandler raised their price objective on shares of PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their target price for the company from $210.00 to $196.00 in a report on Friday, November 1st. Finally, KeyCorp lifted their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

PTC Stock Performance

Shares of PTC opened at $163.03 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $19.62 billion, a P/E ratio of 50.32, a P/E/G ratio of 2.27 and a beta of 1.19. The company’s fifty day moving average is $180.94 and its two-hundred day moving average is $183.08. PTC Inc. has a 1 year low of $160.53 and a 1 year high of $203.09.

PTC (NASDAQ:PTC) last announced 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 net margin of 16.95% and a return on equity of 14.49%. On average, sell-side analysts predict that PTC Inc. will post 4.46 earnings per share for the current year.

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.