Advisors Asset Management Inc. held its stake in PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in PTC were worth $113,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. World Asset Management Inc bought a new stake in PTC during the second quarter valued at $210,000. Calvert Investment Management Inc. bought a new stake in PTC during the second quarter valued at $225,000. LS Investment Advisors LLC increased its stake in PTC by 70.9% in the second quarter. LS Investment Advisors LLC now owns 6,935 shares of the company’s stock valued at $261,000 after buying an additional 2,878 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in PTC by 768.3% in the first quarter. BlackRock Japan Co. Ltd now owns 8,501 shares of the company’s stock valued at $282,000 after buying an additional 7,522 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in PTC during the first quarter valued at $295,000. 95.12% of the stock is currently owned by institutional investors.
PTC Inc. (NASDAQ:PTC) traded down 0.67% during trading on Friday, reaching $45.94. 579,783 shares of the company’s stock were exchanged. PTC Inc. has a 52 week low of $27.06 and a 52 week high of $46.80. The stock has a 50-day moving average price of $43.66 and a 200 day moving average price of $38.59. The firm’s market capitalization is $5.28 billion.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.05. PTC had a positive return on equity of 16.92% and a negative net margin of 1.60%. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $288.77 million. During the same period in the previous year, the business posted $0.53 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts forecast that PTC Inc. will post $1.34 earnings per share for the current fiscal year.
Several analysts have recently commented on PTC shares. Evercore ISI started coverage on shares of PTC in a report on Wednesday, September 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Citigroup Inc. started coverage on shares of PTC in a report on Monday, August 1st. They issued a “buy” rating and a $48.00 price objective on the stock. Brean Capital started coverage on shares of PTC in a report on Friday. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $43.00 price target on shares of PTC in a report on Friday, July 15th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.89.
In other news, EVP Anthony Dibona sold 3,238 shares of PTC stock in a transaction on Monday, July 25th. The shares were sold at an average price of $40.26, for a total value of $130,361.88. Following the transaction, the executive vice president now directly owns 22,051 shares of the company’s stock, valued at approximately $887,773.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction on Monday, August 1st. The shares were sold at an average price of $40.41, for a total transaction of $1,010,250.00. Following the completion of the transaction, the insider now directly owns 578,181 shares in the company, valued at $23,364,294.21. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
PTC Company Profile
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC).
Receive News & Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.