Aviva PLC Sells 21,502 Shares of PTC Inc. (NASDAQ:PTC)

Aviva PLC reduced its position in PTC Inc. (NASDAQ:PTC) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 534,776 shares of the technology company’s stock after selling 21,502 shares during the period. Aviva PLC owned approximately 0.44% of PTC worth $98,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PTC. Raymond James Financial Inc. bought a new position in PTC in the fourth quarter worth approximately $146,712,000. Norges Bank purchased a new stake in shares of PTC in the 4th quarter worth $128,852,000. Vanguard Group Inc. raised its holdings in PTC by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 14,292,492 shares of the technology company’s stock worth $2,627,961,000 after purchasing an additional 240,080 shares during the period. JPMorgan Chase & Co. lifted its position in PTC by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company’s stock valued at $97,193,000 after purchasing an additional 135,677 shares in the last quarter. Finally, State Street Corp grew its holdings in PTC by 2.7% during the third quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after purchasing an additional 133,370 shares during the period. Institutional investors own 95.14% of the company’s stock.

PTC Trading Down 6.5 %

Shares of PTC stock opened at $139.77 on Friday. PTC Inc. has a twelve month low of $139.66 and a twelve month high of $203.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $166.16 and a 200-day moving average price of $180.21. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.12). PTC had a net margin of 16.95% and a return on equity of 14.49%. Equities research analysts anticipate that PTC Inc. will post 4.46 EPS for the current fiscal year.

Insider Buying and Selling

In other PTC news, Director Corinna Lathan sold 622 shares of PTC stock in a transaction on 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 transaction, the director now directly owns 7,604 shares of the company’s stock, valued at $1,182,650.12. This trade represents a 7.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PTC has been the topic of several recent research reports. StockNews.com downgraded PTC from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Rosenblatt Securities restated a “buy” rating and set a $204.00 target price on shares of PTC in a research note on Tuesday, February 4th. Citigroup dropped their price target on shares of PTC from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus raised their price objective on shares of PTC from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, KeyCorp lifted their target price on shares of PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, PTC currently has a consensus rating of “Moderate Buy” and an average target price of $210.09.

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.