Candriam S.C.A. Sells 36,833 Shares of PTC Inc. (NASDAQ:PTC)

Candriam S.C.A. reduced its position in PTC Inc. (NASDAQ:PTC) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,568 shares of the technology company’s stock after selling 36,833 shares during the period. Candriam S.C.A. owned approximately 0.31% of PTC worth $68,688,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its position in PTC by 67.7% in the 3rd 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 during the last quarter. Mirabella Financial Services LLP raised its position in PTC by 542.2% in the 3rd 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 during the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of PTC during the 3rd quarter valued at $84,549,000. Citigroup Inc. increased its position in shares of PTC by 28.4% during the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company’s stock valued at $26,971,000 after purchasing an additional 32,984 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PTC by 33.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Stock Performance

Shares of PTC opened at $161.16 on Thursday. The company has a market cap of $19.39 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. 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 stock has a 50-day moving average price of $178.39 and a 200-day moving average price of $182.69. PTC Inc. has a 12-month low of $155.53 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last announced its quarterly earnings data 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%. As a group, equities analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on PTC. KeyCorp lifted 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. Citigroup cut their target price on PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Royal Bank of Canada raised their target price on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their target price on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, PTC has a consensus rating of “Moderate Buy” and an average price target of $210.09.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. This trade represents a 19.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

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.