Rivulet Capital LLC Decreases Stock Position in PTC Inc. $PTC

Rivulet Capital LLC decreased its holdings in PTC Inc. (NASDAQ:PTC) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 731,450 shares of the technology company’s stock after selling 48,900 shares during the quarter. PTC makes up about 12.2% of Rivulet Capital LLC’s investment portfolio, making the stock its largest position. Rivulet Capital LLC’s holdings in PTC were worth $126,058,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brant Point Investment Management LLC increased its stake in shares of PTC by 6.1% in the second quarter. Brant Point Investment Management LLC now owns 26,804 shares of the technology company’s stock valued at $4,619,000 after buying an additional 1,537 shares in the last quarter. Cerity Partners LLC bought a new stake in PTC during the 2nd quarter worth about $257,000. Brown Advisory Inc. grew its holdings in PTC by 1.3% during the 2nd quarter. Brown Advisory Inc. now owns 6,776 shares of the technology company’s stock worth $1,168,000 after acquiring an additional 84 shares during the last quarter. Amundi increased its position in PTC by 21.2% in the 2nd quarter. Amundi now owns 639,926 shares of the technology company’s stock valued at $104,717,000 after acquiring an additional 111,976 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock worth $121,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

PTC Stock Down 2.8%

Shares of PTC stock opened at $173.52 on Monday. The business has a fifty day simple moving average of $189.69 and a 200 day simple moving average of $191.88. The stock has a market cap of $20.73 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.31. PTC Inc. has a 12 month low of $133.38 and a 12 month high of $219.69.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Friday, November 21st. The technology company reported $2.10 EPS for the quarter. The company had revenue of $1.76 billion during the quarter. PTC had a return on equity of 23.02% and a net margin of 27.05%. Research analysts predict that PTC Inc. will post 4.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on PTC shares. Wall Street Zen cut shares of PTC from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Rosenblatt Securities reduced their price objective on PTC from $227.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Zacks Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Robert W. Baird set a $255.00 target price on PTC in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets cut their price target on PTC from $231.00 to $219.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, PTC has an average rating of “Moderate Buy” and an average price target of $205.92.

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.