PTC Inc. (NASDAQ:PTC) is Silverberg Bernstein Capital Management LLC’s 4th Largest Position

Silverberg Bernstein Capital Management LLC cut its position in shares of PTC Inc. (NASDAQ:PTCFree Report) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,003 shares of the technology company’s stock after selling 5,136 shares during the period. PTC accounts for about 9.3% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Silverberg Bernstein Capital Management LLC’s holdings in PTC were worth $9,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank raised its stake in shares of PTC by 1.1% in the 1st quarter. Czech National Bank now owns 21,035 shares of the technology company’s stock valued at $3,974,000 after acquiring an additional 223 shares in the last quarter. Mather Group LLC. bought a new position in shares of PTC in the 1st quarter valued at approximately $109,000. GAMMA Investing LLC raised its stake in shares of PTC by 53.6% in the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the technology company’s stock valued at $199,000 after acquiring an additional 368 shares in the last quarter. CWM LLC raised its stake in shares of PTC by 162.1% in the 1st quarter. CWM LLC now owns 3,391 shares of the technology company’s stock valued at $641,000 after acquiring an additional 2,097 shares in the last quarter. Finally, Symmetry Partners LLC bought a new position in shares of PTC in the 1st quarter valued at approximately $210,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

PTC Stock Performance

Shares of NASDAQ:PTC traded up $1.18 during trading on Friday, hitting $177.21. 1,051,490 shares of the stock were exchanged, compared to its average volume of 654,719. PTC Inc. has a 1-year low of $134.61 and a 1-year high of $194.24. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 74.15, a price-to-earnings-growth ratio of 3.31 and a beta of 1.18. The company’s fifty day simple moving average is $177.85 and its 200-day simple moving average is $178.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 0.76.

PTC (NASDAQ:PTCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. PTC had a return on equity of 13.76% and a net margin of 12.84%. The company had revenue of $603.07 million for the quarter, compared to analyst estimates of $575.53 million. Sell-side analysts expect that PTC Inc. will post 3.48 EPS for the current fiscal year.

Insider Transactions at PTC

In related news, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.45, for a total value of $217,506.30. Following the sale, the insider now owns 13,598 shares of the company’s stock, valued at approximately $2,358,573.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Janice Chaffin sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $178.20, for a total value of $712,800.00. Following the sale, the director now owns 52,137 shares of the company’s stock, valued at approximately $9,290,813.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Catherine Kniker sold 1,254 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the sale, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,846 shares of company stock valued at $2,137,631. 1.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PTC has been the topic of a number of recent analyst reports. Citigroup cut their price objective on PTC from $195.00 to $187.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Mizuho reaffirmed a “neutral” rating and issued a $190.00 price target (down from $200.00) on shares of PTC in a research report on Tuesday, June 4th. Barclays lifted their price target on PTC from $198.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird lifted their price target on PTC from $210.00 to $216.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.73.

Read Our Latest Stock Report on PTC

PTC Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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