PTC Inc. (NASDAQ:PTC) Position Decreased by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,437 shares of the technology company’s stock after selling 221 shares during the period. Hartford Investment Management Co.’s holdings in PTC were worth $1,367,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. US Bancorp DE lifted its stake in PTC by 67.7% during the third quarter. US Bancorp DE now owns 14,165 shares of the technology company’s stock valued at $2,559,000 after buying an additional 5,717 shares in the last quarter. Mirabella Financial Services LLP lifted its stake in PTC by 542.2% during the third quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company’s stock valued at $3,640,000 after buying an additional 17,465 shares in the last quarter. D1 Capital Partners L.P. purchased a new stake in PTC during the third quarter valued at about $84,549,000. Citigroup Inc. lifted its stake in PTC by 28.4% during the third quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after buying an additional 32,984 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after buying an additional 135,677 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PTC shares. Robert W. Baird upped their price objective on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus increased their price target on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

PTC Price Performance

Shares of PTC opened at $171.10 on Friday. The firm has a market cap of $20.59 billion, a PE ratio of 52.81, a PEG ratio of 2.33 and a beta of 1.19. The firm’s 50 day moving average price is $186.70 and its 200 day moving average price is $183.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.23. PTC Inc. has a twelve month low of $163.30 and a twelve month high of $203.09.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.79 earnings per share 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%. As a group, research analysts expect that PTC Inc. will post 4.62 EPS for the current fiscal year.

Insider Buying and Selling at PTC

In other PTC news, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 57,134 shares in the company, valued at $11,389,091.56. This trade represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Alice Christenson sold 1,703 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $193.20, for a total value of $329,019.60. Following the transaction, the chief accounting officer now owns 830 shares in the company, valued at approximately $160,356. This trade represents a 67.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,242 shares of company stock worth $3,630,716 over the last 90 days. Insiders own 0.32% of the company’s stock.

PTC Company 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.