Dohj LLC Sells 340 Shares of PTC Inc. (NASDAQ:PTC)

Dohj LLC cut its stake in PTC Inc. (NASDAQ:PTC) by 12.6% during the first quarter, HoldingsChannel reports. The firm owned 2,352 shares of the technology company’s stock after selling 340 shares during the period. Dohj LLC’s holdings in PTC were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PTC. Empowered Funds LLC grew its holdings in shares of PTC by 13.0% in the fourth quarter. Empowered Funds LLC now owns 2,423 shares of the technology company’s stock worth $446,000 after purchasing an additional 279 shares during the last quarter. Banque Pictet & Cie SA grew its holdings in shares of PTC by 24.4% in the fourth quarter. Banque Pictet & Cie SA now owns 5,100 shares of the technology company’s stock worth $938,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. grew its holdings in PTC by 300.9% during the 4th quarter. Blue Trust Inc. now owns 3,175 shares of the technology company’s stock worth $584,000 after acquiring an additional 2,383 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in PTC by 1.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,925 shares of the technology company’s stock worth $722,000 after acquiring an additional 55 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in PTC by 1.5% during the 4th quarter. Congress Asset Management Co. now owns 672,686 shares of the technology company’s stock worth $123,687,000 after acquiring an additional 9,860 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Corinna Lathan sold 622 shares of the firm’s 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 completion of the sale, the director now owns 7,604 shares in the company, valued at $1,182,650.12. This trade represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 1,988 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $160.00, for a total transaction of $318,080.00. Following the completion of the sale, the executive vice president now owns 17,731 shares of the company’s stock, valued at $2,836,960. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PTC has been the topic of several recent research reports. Mizuho dropped their target price on shares of PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Wall Street Zen cut shares of PTC from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th. Stifel Nicolaus dropped their target price on shares of PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. BMO Capital Markets increased their price target on shares of PTC from $183.00 to $187.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Robert W. Baird raised their price target on shares of PTC from $185.00 to $191.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, PTC presently has a consensus rating of “Moderate Buy” and an average price target of $188.69.

PTC Trading Down 1.0%

Shares of NASDAQ:PTC opened at $169.34 on Friday. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $203.09. The company’s 50 day moving average is $160.41 and its two-hundred day moving average is $170.86. 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 company has a market cap of $20.31 billion, a PE ratio of 52.27, a P/E/G ratio of 2.27 and a beta of 1.18.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.42. The firm had revenue of $636.37 million for the quarter, compared to the consensus estimate of $608.64 million. PTC had a net margin of 16.95% and a return on equity of 14.49%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. Equities analysts predict that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

PTC Company 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.