Altshuler Shaham Ltd Sells 2,713 Shares of PTC Inc. (NASDAQ:PTC)

Altshuler Shaham Ltd lowered its position in PTC Inc. (NASDAQ:PTC) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,144 shares of the technology company’s stock after selling 2,713 shares during the quarter. Altshuler Shaham Ltd’s holdings in PTC were worth $900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in PTC by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,037,724 shares of the technology company’s stock valued at $181,560,000 after acquiring an additional 26,761 shares during the period. Leuthold Group LLC grew its stake in PTC by 35.0% in the 4th quarter. Leuthold Group LLC now owns 4,644 shares of the technology company’s stock valued at $813,000 after buying an additional 1,203 shares during the last quarter. National Bank of Canada FI lifted its position in PTC by 23.9% during the fourth quarter. National Bank of Canada FI now owns 32,711 shares of the technology company’s stock worth $5,516,000 after acquiring an additional 6,312 shares during the last quarter. M&T Bank Corp grew its position in shares of PTC by 39.6% in the fourth quarter. M&T Bank Corp now owns 5,991 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in shares of PTC by 4.7% during the fourth quarter. Natixis Advisors L.P. now owns 35,914 shares of the technology company’s stock worth $6,283,000 after purchasing an additional 1,598 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.17% of the company’s stock.

PTC Stock Performance

Shares of NASDAQ PTC traded up $1.67 during mid-day trading on Thursday, hitting $180.00. The company had a trading volume of 537,526 shares, compared to its average volume of 852,717. PTC Inc. has a 1 year low of $128.61 and a 1 year high of $194.24. The stock’s 50-day moving average price is $183.03 and its 200-day moving average price is $172.13. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 75.31, a P/E/G ratio of 3.48 and a beta of 1.19.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup lowered their target price on shares of PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 price target on shares of PTC in a research note on Thursday, February 1st. Barclays upped their target price on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Rosenblatt Securities restated a “buy” rating and set a $195.00 price target on shares of PTC in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.64.

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.