PTC Inc. (NASDAQ:PTC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,839 shares of the technology company’s stock after selling 626 shares during the quarter. Yousif Capital Management LLC’s holdings in PTC were worth $2,545,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. State Street Corp grew 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 period. Geode Capital Management LLC lifted its holdings in PTC by 1.3% in the 3rd 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 in the last quarter. Fernbridge Capital Management LP lifted its stake in shares of PTC by 83.7% in the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after buying an additional 650,990 shares in the last quarter. Franklin Resources Inc. grew its stake in PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock valued at $203,463,000 after acquiring an additional 30,525 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings 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 valued at $167,012,000 after acquiring an additional 150,652 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

PTC Price Performance

PTC opened at $169.02 on Monday. The stock’s 50-day moving average price is $189.31 and its 200 day moving average price is $183.62. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 2.33 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

PTC (NASDAQ:PTC) last issued 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 return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts expect that PTC Inc. will post 4.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PTC shares. JPMorgan Chase & Co. boosted their target price on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Citigroup reduced their price target on PTC from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $204.00 price objective on shares of PTC in a report on Tuesday, February 4th. Berenberg Bank lowered shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the company from $210.00 to $196.00 in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, PTC has a consensus rating of “Moderate Buy” and a consensus target price of $210.09.

Insider Buying and Selling at PTC

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $199.34, for a total transaction of $2,054,398.04. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Alice Christenson sold 1,703 shares of PTC stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total transaction of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 in the last 90 days. Company insiders own 0.32% of the company’s stock.

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.