Leuthold Group LLC Cuts Holdings in PTC Inc. (NASDAQ:PTC)

Leuthold Group LLC reduced its position in PTC Inc. (NASDAQ:PTC) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,454 shares of the technology company’s stock after selling 190 shares during the quarter. Leuthold Group LLC’s holdings in PTC were worth $842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in PTC by 1,409.3% in the fourth quarter. Wellington Management Group LLP now owns 1,680,421 shares of the technology company’s stock valued at $294,006,000 after purchasing an additional 1,569,081 shares during the last quarter. Twin Focus Capital Partners LLC purchased a new position in PTC in the 4th quarter valued at about $177,081,000. Vanguard Group Inc. lifted its stake in PTC by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock valued at $1,965,137,000 after buying an additional 859,227 shares in the last quarter. Norges Bank purchased a new position in PTC in the 4th quarter valued at about $114,043,000. Finally, Balyasny Asset Management L.P. lifted its stake in PTC by 173.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 543,266 shares of the technology company’s stock valued at $95,050,000 after buying an additional 344,853 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PTC has been the subject of a number of recent research reports. Barclays increased their price objective on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. StockNews.com upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Citigroup cut their price objective on shares of PTC from $195.00 to $187.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Friday, April 12th. Finally, Robert W. Baird increased their price objective on shares of PTC from $210.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.73.

Insider Buying and Selling at PTC

In other PTC news, COO Michael Ditullio sold 6,592 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $183.15, for a total value of $1,207,324.80. Following the completion of the transaction, the chief operating officer now owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Michael Ditullio sold 6,592 shares of PTC stock in a transaction on Friday, May 24th. The shares were sold at an average price of $183.15, for a total transaction of $1,207,324.80. Following the completion of the sale, the chief operating officer now directly owns 53,148 shares of the company’s stock, valued at approximately $9,734,056.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Catherine Kniker sold 1,254 shares of PTC stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total transaction of $217,506.30. Following the sale, the insider now directly owns 13,598 shares of the company’s stock, valued at $2,358,573.10. The disclosure for this sale can be found here. Insiders sold 11,846 shares of company stock valued at $2,137,631 in the last 90 days. Company insiders own 1.17% of the company’s stock.

PTC Trading Up 1.8 %

PTC stock traded up $3.32 during trading on Friday, hitting $183.09. The company had a trading volume of 428,839 shares, compared to its average volume of 824,470. PTC Inc. has a 1-year low of $134.61 and a 1-year high of $194.24. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51. The company’s 50 day simple moving average is $178.74 and its 200-day simple moving average is $179.52. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 75.22, a price-to-earnings-growth ratio of 3.32 and a beta of 1.18.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. PTC had a net margin of 12.84% and a return on equity of 13.76%. The firm had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. As a group, analysts expect that PTC Inc. will post 3.48 EPS for the current fiscal 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.