PTC Inc. (NASDAQ:PTC) Shares Sold by First National Advisers LLC

First National Advisers LLC decreased its stake in shares of PTC Inc. (NASDAQ:PTC) by 32.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,415 shares of the technology company’s stock after selling 3,969 shares during the quarter. First National Advisers LLC’s holdings in PTC were worth $1,547,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp lifted its holdings 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 increased its stake in shares of PTC by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock valued at $533,341,000 after acquiring an additional 37,645 shares during the period. Fernbridge Capital Management LP increased its stake in shares of PTC by 83.7% during the third quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock valued at $258,164,000 after acquiring an additional 650,990 shares during the period. Franklin Resources Inc. grew its position in PTC by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after buying an additional 30,525 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in PTC by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after buying an additional 150,652 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Price Performance

Shares of PTC opened at $155.80 on Friday. The firm has a market capitalization of $18.75 billion, a PE ratio of 48.09, a PEG ratio of 2.27 and a beta of 1.22. The company’s 50-day moving average is $174.75 and its 200-day moving average is $181.81. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 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%. Equities analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PTC shares. KeyCorp raised their price objective on shares of PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price 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. Citigroup decreased their target price on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eight 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 target price of $210.09.

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.