Vanguard Group Inc. boosted its position in shares of PTC Inc. (NASDAQ:PTC) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,289,794 shares of the company’s stock after buying an additional 207,521 shares during the period. Vanguard Group Inc. owned about 7.22% of PTC worth $311,531,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PTC. World Asset Management Inc acquired a new stake in shares of PTC during the second quarter worth approximately $210,000. Calvert Investment Management Inc. acquired a new stake in shares of PTC during the second quarter worth approximately $225,000. LS Investment Advisors LLC raised its stake in shares of PTC by 70.9% in the second quarter. LS Investment Advisors LLC now owns 6,935 shares of the company’s stock worth $261,000 after buying an additional 2,878 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of PTC by 768.3% in the first quarter. BlackRock Japan Co. Ltd now owns 8,501 shares of the company’s stock worth $282,000 after buying an additional 7,522 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of PTC during the first quarter worth approximately $295,000. Hedge funds and other institutional investors own 95.12% of the company’s stock.
Shares of PTC Inc. (NASDAQ:PTC) opened at 45.94 on Friday. PTC Inc. has a 52-week low of $27.06 and a 52-week high of $46.80. The firm’s market cap is $5.28 billion. The company has a 50-day moving average of $43.66 and a 200 day moving average of $38.59.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 20th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.05. The firm earned $289.70 million during the quarter, compared to the consensus estimate of $288.77 million. PTC had a positive return on equity of 16.92% and a negative net margin of 1.60%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, equities analysts expect that PTC Inc. will post $1.34 earnings per share for the current year.
A number of analysts have recently commented on PTC shares. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Evercore ISI started coverage on shares of PTC in a research report on Wednesday, September 14th. They set a “buy” rating and a $50.00 price target on the stock. Citigroup Inc. started coverage on shares of PTC in a research report on Monday, August 1st. They set a “buy” rating and a $48.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of PTC in a research report on Friday, July 15th. Finally, Brean Capital began coverage on shares of PTC in a research report on Friday. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.89.
In other PTC news, Director Robert Schechter sold 1,136 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $45.02, for a total value of $51,142.72. Following the completion of the sale, the director now owns 60,035 shares in the company, valued at $2,702,775.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $40.41, for a total value of $1,010,250.00. Following the completion of the sale, the insider now owns 578,181 shares of the company’s stock, valued at approximately $23,364,294.21. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.
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.
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