Public Employees Retirement Association of Colorado lowered its position in PTC Inc. (NASDAQ:PTC) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,080 shares of the technology company’s stock after selling 6 shares during the period. Public Employees Retirement Association of Colorado owned about 0.29% of PTC worth $18,635,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PTC. Teachers Retirement System of The State of Kentucky raised its position in PTC by 28.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 307,549 shares of the technology company’s stock worth $16,162,000 after buying an additional 67,926 shares during the period. UBS Asset Management Americas Inc. raised its position in PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock worth $67,431,000 after buying an additional 1,370,223 shares during the period. Quantbot Technologies LP bought a new position in PTC during the first quarter worth $2,899,000. Mason Street Advisors LLC raised its stake in shares of PTC by 1.3% in the first quarter. Mason Street Advisors LLC now owns 54,668 shares of the technology company’s stock worth $2,873,000 after buying an additional 713 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of PTC by 213.5% in the first quarter. Wellington Management Group LLP now owns 1,472,849 shares of the technology company’s stock worth $77,397,000 after buying an additional 1,003,004 shares during the last quarter. 98.40% of the stock is currently owned by hedge funds and other institutional investors.
PTC Inc. (NASDAQ PTC) opened at 53.52 on Friday. The firm has a 50-day moving average price of $55.28 and a 200 day moving average price of $54.90. The company’s market capitalization is $6.19 billion. PTC Inc. has a 12 month low of $41.40 and a 12 month high of $60.22.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. The company had revenue of $291.92 million during the quarter, compared to analyst estimates of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. PTC’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts expect that PTC Inc. will post $1.20 EPS for the current year.
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A number of brokerages have commented on PTC. Barclays PLC restated an “overweight” rating and set a $65.00 price objective (down from $67.00) on shares of PTC in a research report on Saturday, July 22nd. J P Morgan Chase & Co restated an “overweight” rating and set a $68.00 price objective on shares of PTC in a research report on Thursday, July 20th. Pacific Crest raised their price objective on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. BidaskClub lowered PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Benchmark Co. began coverage on PTC in a research note on Thursday, May 18th. They set a “buy” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. PTC presently has an average rating of “Buy” and an average target price of $62.25.
In related news, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the transaction, the director now directly owns 62,300 shares of the company’s stock, valued at $3,349,871. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Barry F. Cohen sold 27,374 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the completion of the transaction, the executive vice president now directly owns 79,729 shares of the company’s stock, valued at $4,358,784.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,329 shares of company stock valued at $3,588,097. 1.11% of the stock is currently owned by company insiders.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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