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.
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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