Larson Financial Group LLC Sells 89 Shares of PTC Inc. (NASDAQ:PTC)

Larson Financial Group LLC decreased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 282 shares of the technology company’s stock after selling 89 shares during the period. Larson Financial Group LLC’s holdings in PTC were worth $49,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in PTC by 6.6% during the third quarter. Vanguard Group Inc. now owns 13,870,249 shares of the technology company’s stock worth $1,965,137,000 after purchasing an additional 859,227 shares during the last quarter. Invesco Ltd. lifted its stake in PTC by 5.8% during the third quarter. Invesco Ltd. now owns 2,494,767 shares of the technology company’s stock worth $353,459,000 after purchasing an additional 137,100 shares during the last quarter. FMR LLC lifted its stake in PTC by 6.0% during the third quarter. FMR LLC now owns 1,989,152 shares of the technology company’s stock worth $281,823,000 after purchasing an additional 113,037 shares during the last quarter. Northern Trust Corp lifted its stake in PTC by 15.6% during the third quarter. Northern Trust Corp now owns 1,252,741 shares of the technology company’s stock worth $177,488,000 after purchasing an additional 168,917 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PTC by 12.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,010,963 shares of the technology company’s stock worth $143,233,000 after purchasing an additional 109,664 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 0.3 %

Shares of NASDAQ:PTC opened at $179.88 on Friday. PTC Inc. has a 1 year low of $120.62 and a 1 year high of $194.24. The company has a market cap of $21.50 billion, a PE ratio of 91.31, a P/E/G ratio of 3.22 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50-day moving average is $183.49 and its 200 day moving average is $169.77.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The company had revenue of $550.21 million for the quarter, compared to the consensus estimate of $538.59 million. Sell-side analysts anticipate that PTC Inc. will post 3.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $195.00 price target on shares of PTC in a research note on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Piper Sandler boosted their target price on PTC from $155.00 to $177.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Barclays boosted their target price on PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Oppenheimer boosted their target price on PTC from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $202.40.

Insiders Place Their Bets

In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PTC news, insider Catherine Kniker sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now owns 13,864 shares in the company, valued at approximately $2,489,835.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James E. Heppelmann sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,415 shares of company stock worth $6,457,478. Company insiders own 1.17% of the company’s stock.

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.