1,299 Shares in PTC Inc (PTC) Acquired by Fort L.P.

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Fort L.P. bought a new position in PTC Inc (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,299 shares of the technology company’s stock, valued at approximately $122,000.

A number of other hedge funds also recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in PTC in the second quarter worth approximately $163,000. Gilder Gagnon Howe & Co. LLC bought a new position in PTC in the second quarter worth approximately $186,000. IBM Retirement Fund bought a new position in PTC in the second quarter worth approximately $202,000. FDx Advisors Inc. bought a new position in PTC in the second quarter worth approximately $204,000. Finally, Gideon Capital Advisors Inc. bought a new position in PTC in the second quarter worth approximately $222,000. Institutional investors own 94.24% of the company’s stock.

Several research analysts have weighed in on PTC shares. BidaskClub downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 17th. Wedbush increased their price target on shares of PTC from $94.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, June 8th. Evercore ISI reiterated a “buy” rating and issued a $95.00 price target on shares of PTC in a research report on Monday, June 11th. Barclays increased their price target on shares of PTC from $88.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 13th. Finally, KeyCorp increased their price target on shares of PTC from $94.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, June 14th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $99.44.

In other news, Director Corinna Lathan sold 1,405 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $92.58, for a total transaction of $130,074.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Anthony Dibona sold 2,187 shares of the firm’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $96.30, for a total transaction of $210,608.10. Following the sale, the executive vice president now owns 30,090 shares in the company, valued at $2,897,667. 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 90 days. Insiders own 1.19% of the company’s stock.

Shares of PTC stock opened at $98.90 on Friday. The firm has a market cap of $11.56 billion, a PE ratio of 133.65, a PEG ratio of 3.06 and a beta of 1.27. PTC Inc has a one year low of $54.37 and a one year high of $101.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 18th. The technology company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $314.78 million for the quarter, compared to the consensus estimate of $312.95 million. PTC had a net margin of 4.55% and a return on equity of 11.62%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. equities analysts forecast that PTC Inc will post 0.88 EPS for the current fiscal year.

About PTC

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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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