Silverberg Bernstein Capital Management LLC Trims Stock Holdings in PTC Inc. (NASDAQ:PTC)

Silverberg Bernstein Capital Management LLC lowered its stake in PTC Inc. (NASDAQ:PTC) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,908 shares of the technology company’s stock after selling 1,200 shares during the period. PTC makes up approximately 7.8% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 4th largest holding. Silverberg Bernstein Capital Management LLC’s holdings in PTC were worth $8,809,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PTC. Wedmont Private Capital boosted its stake in PTC by 1.6% during the fourth quarter. Wedmont Private Capital now owns 4,026 shares of the technology company’s stock worth $734,000 after acquiring an additional 64 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of PTC by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 25,963 shares of the technology company’s stock valued at $4,690,000 after purchasing an additional 66 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of PTC by 1.1% in the 3rd quarter. Metis Global Partners LLC now owns 6,655 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 73 shares in the last quarter. Signaturefd LLC grew its stake in shares of PTC by 9.3% in the 3rd quarter. Signaturefd LLC now owns 894 shares of the technology company’s stock worth $162,000 after buying an additional 76 shares during the last quarter. Finally, Equitable Trust Co. increased its position in PTC by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 3,602 shares of the technology company’s stock valued at $651,000 after buying an additional 79 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Kristian Talvitie sold 10,306 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $199.34, for a total value of $2,054,398.04. Following the completion of the sale, the chief financial officer now directly owns 57,134 shares in the company, valued at $11,389,091.56. The trade was a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now owns 21,707 shares of the company’s stock, valued at $4,344,221.91. This represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,242 shares of company stock valued at $3,630,716 over the last quarter. 0.32% of the stock is currently owned by company insiders.

PTC Price Performance

Shares of NASDAQ PTC opened at $188.80 on Wednesday. PTC Inc. has a fifty-two week low of $163.30 and a fifty-two week high of $203.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $22.72 billion, a PE ratio of 60.71, a P/E/G ratio of 2.70 and a beta of 1.18. The business has a 50-day simple moving average of $191.93 and a two-hundred day simple moving average of $182.89.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their target price on 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 objective 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. Stifel Nicolaus lifted their target price on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $195.00 price objective on shares of PTC in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.54.

PTC 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.