Neuberger Berman Group LLC trimmed its position in shares of PTC Inc (NASDAQ:PTC) by 33.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 602,537 shares of the technology company’s stock after selling 300,479 shares during the quarter. Neuberger Berman Group LLC’s holdings in PTC were worth $55,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Riverview Trust Co bought a new stake in shares of PTC during the fourth quarter worth $31,000. Oregon Public Employees Retirement Fund lifted its position in shares of PTC by 8,190.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after purchasing an additional 3,455,607 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of PTC during the first quarter worth $48,000. Pearl River Capital LLC bought a new stake in shares of PTC during the fourth quarter worth $58,000. Finally, First Manhattan Co. bought a new stake in shares of PTC during the first quarter worth $92,000. 92.61% of the stock is owned by institutional investors.

In other news, insider James E. Heppelmann sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $89.02, for a total transaction of $1,335,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen Mitford sold 815 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $91.47, for a total value of $74,548.05. Following the sale, the executive vice president now owns 14,271 shares in the company, valued at approximately $1,305,368.37. The disclosure for this sale can be found here. Insiders sold 19,025 shares of company stock valued at $1,705,488 over the last quarter. 9.91% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on PTC shares. Evercore ISI reiterated a “buy” rating and set a $110.00 target price on shares of PTC in a research report on Sunday, April 28th. Deutsche Bank decreased their target price on PTC from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Wedbush downgraded PTC from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $104.00 to $100.00 in a research report on Thursday, April 25th. ValuEngine downgraded PTC from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. Finally, TheStreet downgraded PTC from a “b-” rating to a “c” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $103.50.

Shares of PTC stock traded down $1.38 on Wednesday, hitting $86.94. The stock had a trading volume of 29,826 shares, compared to its average volume of 1,158,824. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $10.11 billion, a P/E ratio of 96.84, a PEG ratio of 2.61 and a beta of 1.21. PTC Inc has a one year low of $76.67 and a one year high of $107.44.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $315.50 million during the quarter, compared to the consensus estimate of $312.29 million. PTC had a return on equity of 11.68% and a net margin of 3.06%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, analysts anticipate that PTC Inc will post 1.05 earnings per share for the current fiscal year.

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About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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