M&T Bank Corp increased its position in shares of PTC Inc (NASDAQ:PTC) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,110 shares of the technology company’s stock after buying an additional 179 shares during the period. M&T Bank Corp’s holdings in PTC were worth $423,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PTC. Pendal Group Ltd lifted its stake in shares of PTC by 3.4% in the 4th quarter. Pendal Group Ltd now owns 5,349 shares of the technology company’s stock worth $443,000 after acquiring an additional 177 shares during the period. First National Bank of Omaha increased its position in shares of PTC by 0.5% during the 4th quarter. First National Bank of Omaha now owns 41,506 shares of the technology company’s stock worth $3,441,000 after purchasing an additional 202 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of PTC by 1.7% during the 3rd quarter. Pacer Advisors Inc. now owns 36,636 shares of the technology company’s stock worth $3,890,000 after purchasing an additional 611 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of PTC by 9.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 7,690 shares of the technology company’s stock worth $817,000 after purchasing an additional 633 shares in the last quarter. Finally, Exane Derivatives increased its position in shares of PTC by 2.2% during the 4th quarter. Exane Derivatives now owns 29,148 shares of the technology company’s stock worth $2,416,000 after purchasing an additional 641 shares in the last quarter. 93.10% of the stock is currently owned by hedge funds and other institutional investors.
PTC stock opened at $91.83 on Thursday. PTC Inc has a fifty-two week low of $72.45 and a fifty-two week high of $107.44. The company has a market cap of $10.99 billion, a P/E ratio of 86.56, a PEG ratio of 2.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.48 and a current ratio of 1.48.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $334.96 million for the quarter, compared to the consensus estimate of $324.70 million. PTC had a net margin of 4.65% and a return on equity of 12.70%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. Analysts expect that PTC Inc will post 1.09 EPS for the current fiscal year.
In other PTC news, insider James E. Heppelmann sold 85,740 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $84.86, for a total transaction of $7,275,896.40. Following the sale, the insider now directly owns 679,391 shares in the company, valued at approximately $57,653,120.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barry F. Cohen sold 47,194 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $84.94, for a total transaction of $4,008,658.36. Following the sale, the executive vice president now owns 55,002 shares in the company, valued at $4,671,869.88. The disclosure for this sale can be found here. Insiders have sold a total of 153,684 shares of company stock worth $13,085,532 over the last 90 days. Corporate insiders own 9.91% of the company’s stock.
A number of brokerages have commented on PTC. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of PTC from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Friday, February 8th. Barclays reaffirmed a “buy” rating and issued a $104.00 target price on shares of PTC in a research note on Friday, January 25th. Wedbush reduced their target price on shares of PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, January 24th. Finally, Mitsubishi UFJ Financial Group reduced their target price on shares of PTC from $80.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, January 24th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. PTC has an average rating of “Buy” and a consensus price target of $101.19.
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PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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