Johnson Investment Counsel Inc. Sells 114 Shares of PTC Inc. (NASDAQ:PTC)

Johnson Investment Counsel Inc. lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,482 shares of the technology company’s stock after selling 114 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in PTC were worth $1,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wahed Invest LLC grew its position in shares of PTC by 2.1% in the 4th quarter. Wahed Invest LLC now owns 2,933 shares of the technology company’s stock worth $539,000 after buying an additional 61 shares during the period. Allworth Financial LP grew its holdings in PTC by 58.0% in the fourth quarter. Allworth Financial LP now owns 188 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Portside Wealth Group LLC grew its holdings in PTC by 2.4% in the first quarter. Portside Wealth Group LLC now owns 3,317 shares of the technology company’s stock worth $514,000 after purchasing an additional 78 shares during the period. Otter Creek Advisors LLC grew its holdings in PTC by 0.4% in the fourth quarter. Otter Creek Advisors LLC now owns 19,181 shares of the technology company’s stock worth $3,527,000 after purchasing an additional 80 shares during the period. Finally, Strategic Advisors LLC grew its stake in shares of PTC by 1.1% in the 1st quarter. Strategic Advisors LLC now owns 7,729 shares of the technology company’s stock worth $1,198,000 after buying an additional 83 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $160.00, for a total transaction of $318,080.00. Following the transaction, the executive vice president now directly owns 17,731 shares in the company, valued at approximately $2,836,960. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

PTC Trading Up 0.2%

Shares of PTC stock opened at $166.97 on Friday. The stock has a market capitalization of $20.03 billion, a P/E ratio of 45.87, a P/E/G ratio of 2.28 and a beta of 1.18. PTC Inc. has a 12-month low of $133.38 and a 12-month high of $203.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $162.73 and its 200 day moving average is $169.97.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.35% and a net margin of 18.77%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.46 EPS. Research analysts expect that PTC Inc. will post 4.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

PTC has been the topic of several recent research reports. Stifel Nicolaus cut their price target on PTC from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Mizuho cut their target price on PTC from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $160.00 price objective (down from $210.00) on shares of PTC in a research report on Wednesday, April 9th. Finally, BMO Capital Markets increased their price objective 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $188.69.

About PTC

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.