Royce & Associates LP lessened its holdings in shares of PTC Inc (NASDAQ:PTC) by 31.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,245 shares of the technology company’s stock after selling 12,700 shares during the period. Royce & Associates LP’s holdings in PTC were worth $2,650,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in PTC in the 2nd quarter valued at approximately $163,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of PTC during the 2nd quarter worth approximately $186,000. FDx Advisors Inc. bought a new stake in shares of PTC during the 2nd quarter worth approximately $204,000. Parametrica Management Ltd bought a new stake in shares of PTC during the 1st quarter worth approximately $213,000. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of PTC during the 2nd quarter worth approximately $222,000. Institutional investors and hedge funds own 94.24% of the company’s stock.
PTC stock opened at $96.77 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.83. The company has a market cap of $11.78 billion, a P/E ratio of 113.57, a price-to-earnings-growth ratio of 3.12 and a beta of 1.27. PTC Inc has a 1-year low of $54.37 and a 1-year high of $101.12.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 18th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $314.78 million for the quarter, compared to analyst estimates of $312.95 million. PTC had a return on equity of 11.62% and a net margin of 4.55%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. equities analysts forecast that PTC Inc will post 0.88 EPS for the current year.
In related news, VP Staats Aaron C. Von sold 4,701 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $97.06, for a total transaction of $456,279.06. Following the transaction, the vice president now directly owns 8,541 shares of the company’s stock, valued at approximately $828,989.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Miller sold 34,453 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $92.16, for a total value of $3,175,188.48. The disclosure for this sale can be found here. Insiders have sold a total of 101,733 shares of company stock worth $9,521,376 over the last three months. 1.19% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on PTC shares. BidaskClub cut PTC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 17th. Wedbush upped their price objective on PTC from $94.00 to $102.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Evercore ISI reiterated a “buy” rating and set a $95.00 price objective on shares of PTC in a research note on Monday, June 11th. Barclays upped their price objective on PTC from $88.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 13th. Finally, KeyCorp upped their price objective on PTC from $94.00 to $106.00 and gave the stock an “overweight” rating in a research note on Thursday, June 14th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $99.44.
PTC Company Profile
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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