C WorldWide Group Holding A S Has $15.89 Million Stock Holdings in PTC Inc. (NASDAQ:PTC)

C WorldWide Group Holding A S trimmed its position in PTC Inc. (NASDAQ:PTC) by 75.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 86,439 shares of the technology company’s stock after selling 271,592 shares during the quarter. C WorldWide Group Holding A S’s holdings in PTC were worth $15,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG increased its position in PTC by 1.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock valued at $722,000 after buying an additional 55 shares in the last quarter. Wedmont Private Capital increased its position in PTC by 1.6% in the 4th quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock valued at $734,000 after buying an additional 64 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in PTC by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock worth $4,690,000 after purchasing an additional 66 shares in the last quarter. Allworth Financial LP increased its holdings in PTC by 58.0% during the 4th quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in PTC by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PTC has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on PTC from $226.00 to $228.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Friday. Stifel Nicolaus boosted their price objective on PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, KeyCorp boosted their price objective on PTC from $205.00 to $211.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.09.

Insiders Place Their Bets

In other PTC news, EVP Staats Aaron C. Von sold 5,373 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the sale, the executive vice president now owns 21,707 shares in the company, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kristian Talvitie sold 10,306 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the sale, the chief financial officer now owns 57,134 shares in the company, valued at approximately $11,389,091.56. This represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

PTC Price Performance

PTC stock opened at $161.65 on Monday. PTC Inc. has a 12 month low of $161.02 and a 12 month high of $203.09. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $182.89 and its 200 day simple moving average is $183.23. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.27 and a beta of 1.19.

PTC (NASDAQ:PTC) last posted its quarterly earnings data 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%. Sell-side analysts forecast that PTC Inc. will post 4.46 EPS for the current year.

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.