M&T Bank Corp decreased its holdings in shares of PTC Inc (NASDAQ:PTC) by 12.5% during the 4th quarter, HoldingsChannel reports. The fund owned 7,746 shares of the technology company’s stock after selling 1,108 shares during the period. M&T Bank Corp’s holdings in PTC were worth $471,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. US Bancorp DE lifted its holdings in shares of PTC by 29.5% during the 4th quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after acquiring an additional 868 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of PTC by 1.3% during the 3rd quarter. Prudential Financial Inc. now owns 73,343 shares of the technology company’s stock valued at $4,128,000 after acquiring an additional 910 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of PTC by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 55,094 shares of the technology company’s stock valued at $3,101,000 after acquiring an additional 1,169 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of PTC by 6.9% during the 3rd quarter. Pacer Advisors Inc. now owns 19,677 shares of the technology company’s stock valued at $1,107,000 after acquiring an additional 1,271 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of PTC by 85.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
A number of equities analysts have commented on the stock. Evercore ISI set a $75.00 price objective on shares of PTC and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub upgraded shares of PTC from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Bank of America assumed coverage on shares of PTC in a report on Monday, November 6th. They issued an “underperform” rating and a $60.00 price objective on the stock. Citigroup boosted their price objective on shares of PTC to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $74.00 price objective on shares of PTC in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $70.81.
In other news, EVP Anthony Dibona sold 5,464 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the sale, the executive vice president now owns 36,317 shares of the company’s stock, valued at approximately $2,686,368.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $72.34, for a total transaction of $1,808,500.00. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.
Shares of PTC Inc (NASDAQ PTC) opened at $73.25 on Friday. The firm has a market cap of $8,520.00, a PE ratio of 406.94, a PEG ratio of 2.64 and a beta of 1.49. PTC Inc has a 1 year low of $50.68 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.02 and a quick ratio of 1.03.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $306.44 million during the quarter, compared to the consensus estimate of $300.17 million. PTC had a net margin of 2.47% and a return on equity of 9.29%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. equities research analysts forecast that PTC Inc will post 0.78 earnings per share for the current fiscal year.
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PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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