Xact Kapitalforvaltning AB grew its holdings in PTC Inc (NASDAQ:PTC) by 58.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,939 shares of the technology company’s stock after acquiring an additional 5,500 shares during the period. Xact Kapitalforvaltning AB’s holdings in PTC were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Trust Group LLC lifted its position in shares of PTC by 1.4% during the 1st quarter. Atlantic Trust Group LLC now owns 293,666 shares of the technology company’s stock worth $22,908,000 after purchasing an additional 4,057 shares during the last quarter. Legal & General Group Plc lifted its position in shares of PTC by 186.2% during the 1st quarter. Legal & General Group Plc now owns 332,011 shares of the technology company’s stock worth $25,900,000 after purchasing an additional 215,985 shares during the last quarter. Robecosam AG lifted its position in shares of PTC by 4.4% during the 1st quarter. Robecosam AG now owns 470,000 shares of the technology company’s stock worth $36,665,000 after purchasing an additional 20,000 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of PTC during the 1st quarter worth $346,000. Finally, Millennium Management LLC lifted its position in shares of PTC by 21.6% during the 1st quarter. Millennium Management LLC now owns 318,926 shares of the technology company’s stock worth $24,879,000 after purchasing an additional 56,644 shares during the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.
In other news, Director Robert Schechter sold 3,000 shares of the business’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $85.20, for a total transaction of $255,600.00. Following the transaction, the director now directly owns 67,207 shares in the company, valued at $5,726,036.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $82.37, for a total transaction of $2,059,250.00. Following the transaction, the insider now owns 612,529 shares in the company, valued at $50,454,013.73. The disclosure for this sale can be found here. Insiders sold 130,778 shares of company stock valued at $10,967,374 over the last ninety days. Corporate insiders own 1.19% of the company’s stock.
Shares of NASDAQ:PTC opened at $93.54 on Friday. PTC Inc has a one year low of $52.20 and a one year high of $100.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $10.52 billion, a PE ratio of 118.46, a price-to-earnings-growth ratio of 2.91 and a beta of 1.34.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, April 18th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PTC had a net margin of 3.16% and a return on equity of 10.04%. The business had revenue of $307.88 million during the quarter, compared to analysts’ expectations of $302.90 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. sell-side analysts predict that PTC Inc will post 0.83 EPS for the current year.
A number of brokerages recently weighed in on PTC. BidaskClub cut shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of PTC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Bank of America boosted their price target on shares of PTC from $86.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, June 19th. Robert W. Baird boosted their price target on shares of PTC from $103.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. Finally, Wedbush boosted their price target on shares of PTC from $102.00 to $112.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. PTC has an average rating of “Buy” and an average target price of $94.93.
PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
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