Sei Investments Co. decreased its stake in shares of PTC Inc (NASDAQ:PTC) by 12.8% during the 4th quarter, Holdings Channel reports. The firm owned 169,506 shares of the technology company’s stock after selling 24,897 shares during the quarter. Sei Investments Co.’s holdings in PTC were worth $10,301,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in PTC by 85.5% during the second quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,389 shares during the period. Ark Investment Management LLC raised its stake in PTC by 83.5% during the second quarter. Ark Investment Management LLC now owns 19,301 shares of the technology company’s stock worth $1,064,000 after acquiring an additional 8,782 shares during the period. Lord Abbett & CO. LLC raised its stake in PTC by 179.8% during the second quarter. Lord Abbett & CO. LLC now owns 149,088 shares of the technology company’s stock worth $8,218,000 after acquiring an additional 95,795 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in PTC by 7.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 150,830 shares of the technology company’s stock worth $8,489,000 after acquiring an additional 10,520 shares during the period. Finally, Aperio Group LLC raised its stake in PTC by 6.0% during the third quarter. Aperio Group LLC now owns 27,341 shares of the technology company’s stock worth $1,539,000 after acquiring an additional 1,551 shares during the period. 97.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of PTC Inc (NASDAQ PTC) opened at $74.82 on Friday. PTC Inc has a 12 month low of $50.68 and a 12 month high of $74.88. The company has a market cap of $8,700.37, a P/E ratio of 108.43, a price-to-earnings-growth ratio of 2.68 and a beta of 1.49. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.84.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. PTC had a net margin of 2.47% and a return on equity of 9.29%. The company had revenue of $306.44 million for the quarter, compared to analyst estimates of $300.17 million. During the same quarter last year, the business earned $0.26 earnings per share. PTC’s revenue was up 7.0% compared to the same quarter last year. equities research analysts forecast that PTC Inc will post 0.78 EPS for the current fiscal year.
PTC has been the topic of several research reports. BidaskClub upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. JPMorgan Chase & Co. lowered shares of PTC from an “overweight” rating to a “neutral” rating and set a $68.00 price objective on the stock. in a research note on Tuesday, December 12th. Bank of America initiated coverage on shares of PTC in a research note on Monday, November 6th. They set an “underperform” rating and a $60.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating and set a $68.00 price objective on shares of PTC in a research note on Thursday, January 4th. Finally, Barclays increased their price objective on shares of PTC from $69.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. PTC presently has an average rating of “Buy” and an average price target of $70.81.
In other news, EVP Anthony Dibona sold 5,464 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the transaction, the executive vice president now directly owns 36,317 shares in the company, valued at $2,686,368.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $72.34, for a total transaction of $1,808,500.00. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.
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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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