Mutual of America Capital Management LLC Sells 3,406 Shares of PTC Inc. $PTC

Mutual of America Capital Management LLC lowered its holdings in shares of PTC Inc. (NASDAQ:PTC) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,983 shares of the technology company’s stock after selling 3,406 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PTC were worth $2,636,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of PTC during the third quarter valued at approximately $30,000. SJS Investment Consulting Inc. increased its holdings in PTC by 2,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 158 shares during the last quarter. Versant Capital Management Inc lifted its stake in PTC by 37.6% in the 3rd quarter. Versant Capital Management Inc now owns 194 shares of the technology company’s stock worth $39,000 after purchasing an additional 53 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of PTC by 339.3% during the second quarter. Assetmark Inc. now owns 268 shares of the technology company’s stock valued at $46,000 after purchasing an additional 207 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on PTC from $185.00 to $181.00 and set a “neutral” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their target price on shares of PTC from $231.00 to $219.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Wall Street Zen raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Weiss Ratings cut shares of PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Oppenheimer lowered their price target on shares of PTC from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average target price of $201.77.

PTC Stock Up 1.7%

Shares of NASDAQ:PTC opened at $156.13 on Friday. PTC Inc. has a 52-week low of $133.38 and a 52-week high of $219.69. The stock has a market cap of $18.57 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The business’s 50 day moving average is $171.68 and its 200 day moving average is $191.04. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $2.10 earnings per share (EPS) for the quarter. PTC had a net margin of 27.05% and a return on equity of 23.02%. The firm had revenue of $1.76 billion for the quarter. Sell-side analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Insider Buying and Selling at PTC

In other news, EVP Staats Aaron C. Von sold 6,328 shares of PTC stock in a transaction on Monday, December 8th. The shares were sold at an average price of $174.79, for a total transaction of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares in the company, valued at approximately $3,925,958.19. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kristian Talvitie sold 50,291 shares of PTC stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the sale, the executive vice president directly owned 12,386 shares of the company’s stock, valued at approximately $2,144,512.04. This represents a 80.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 61,277 shares of company stock worth $10,624,076. 0.29% of the stock is owned by company insiders.

PTC Company Profile

PTC Inc (NASDAQ: PTC) is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.