Ownership Capital B.V. Has $237.24 Million Stock Position in PTC Inc. (NASDAQ:PTC)

Ownership Capital B.V. decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 8.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,355,983 shares of the technology company’s stock after selling 125,745 shares during the period. PTC makes up about 5.3% of Ownership Capital B.V.’s holdings, making the stock its 8th biggest holding. Ownership Capital B.V.’s holdings in PTC were worth $237,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliance Wealth Advisors LLC UT grew its holdings in PTC by 4.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,819 shares of the technology company’s stock worth $668,000 after buying an additional 146 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in PTC by 9.7% during the fourth quarter. Russell Investments Group Ltd. now owns 53,433 shares of the technology company’s stock worth $9,353,000 after buying an additional 4,728 shares in the last quarter. Dohj LLC bought a new stake in PTC during the fourth quarter worth $402,000. Trust Asset Management LLC bought a new stake in PTC during the fourth quarter worth $215,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in PTC by 1.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 61,697 shares of the technology company’s stock worth $10,795,000 after buying an additional 992 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

PTC has been the subject of several recent research reports. Mizuho upped their price target on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. KeyCorp upped their price target on PTC from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Rosenblatt Securities reiterated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Friday, April 12th. Robert W. Baird reissued an “outperform” rating and issued a $210.00 price objective on shares of PTC in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets boosted their price objective on PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.40.

PTC Stock Performance

Shares of NASDAQ PTC traded up $1.11 during trading on Friday, reaching $180.99. 742,701 shares of the stock traded hands, compared to its average volume of 657,853. PTC Inc. has a 52-week low of $120.62 and a 52-week high of $194.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50-day moving average of $183.55 and a 200-day moving average of $170.05. The stock has a market capitalization of $21.64 billion, a P/E ratio of 91.87, a price-to-earnings-growth ratio of 3.21 and a beta of 1.17.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The firm had revenue of $550.21 million for the quarter, compared to analysts’ expectations of $538.59 million. Analysts forecast that PTC Inc. will post 3.47 EPS for the current fiscal year.

Insider Activity

In other news, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the sale, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the sale, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. Insiders have sold 36,415 shares of company stock valued at $6,457,478 in the last 90 days. Insiders own 1.17% 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.