Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.70 Million Holdings in PTC Inc. (NASDAQ:PTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of PTC Inc. (NASDAQ:PTC) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,543 shares of the technology company’s stock after selling 609 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PTC were worth $4,697,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PTC. Allworth Financial LP increased its position in shares of PTC by 58.0% during the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after buying an additional 69 shares during the period. Assetmark Inc. grew its holdings in PTC by 825.0% in the fourth quarter. Assetmark Inc. now owns 333 shares of the technology company’s stock worth $61,000 after purchasing an additional 297 shares during the period. Brooklyn Investment Group acquired a new stake in PTC in the third quarter worth $66,000. Smartleaf Asset Management LLC grew its holdings in PTC by 83.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 452 shares of the technology company’s stock worth $83,000 after purchasing an additional 205 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in PTC in the fourth quarter worth $84,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PTC shares. JPMorgan Chase & Co. raised their price target on shares of PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Rosenblatt Securities restated a “buy” rating and issued a $204.00 price target on shares of PTC in a report on Tuesday, February 4th. Citigroup reduced their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, KeyCorp lifted their price objective on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

PTC Stock Down 0.0 %

PTC opened at $159.84 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The company’s 50-day moving average is $172.37 and its 200 day moving average is $181.23. PTC Inc. has a fifty-two week low of $151.80 and a fifty-two week high of $203.09. The firm has a market capitalization of $19.23 billion, a P/E ratio of 49.33, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Research analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Insider Activity at PTC

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the sale, the director now owns 7,604 shares of the company’s stock, valued at approximately $1,182,650.12. The trade was a 7.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by insiders.

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.