Robeco Institutional Asset Management B.V. Sells 12,717 Shares of PTC Inc. (NASDAQ:PTC)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of PTC Inc. (NASDAQ:PTC) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,047 shares of the technology company’s stock after selling 12,717 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of PTC worth $28,325,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of PTC by 70.8% during the 3rd quarter. Covestor Ltd now owns 193 shares of the technology company’s stock valued at $35,000 after purchasing an additional 80 shares during the last quarter. Brooklyn Investment Group purchased a new stake in PTC during the third quarter valued at about $66,000. Park Place Capital Corp bought a new position in shares of PTC during the third quarter valued at about $67,000. Blue Trust Inc. increased its holdings in shares of PTC by 473.9% in the third quarter. Blue Trust Inc. now owns 792 shares of the technology company’s stock worth $144,000 after buying an additional 654 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in PTC during the 3rd quarter valued at about $152,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PTC news, CAO Alice Christenson sold 1,703 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at approximately $160,356. The trade was a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Corinna Lathan sold 860 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,242 shares of company stock worth $3,630,716 in the last three months. 0.32% of the stock is owned by corporate insiders.

PTC Price Performance

PTC opened at $192.01 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.38. The company has a market cap of $23.11 billion, a price-to-earnings ratio of 61.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18. The stock has a fifty day simple moving average of $191.15 and a two-hundred day simple moving average of $183.34. PTC Inc. has a 12-month low of $163.30 and a 12-month high of $203.09.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PTC. JPMorgan Chase & Co. lifted their price target on PTC from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Royal Bank of Canada lifted their target price on shares of PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on shares of PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a research report on Thursday, October 10th. Finally, StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, PTC presently has an average rating of “Moderate Buy” and an average target price of $207.54.

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.