Xact Kapitalforvaltning AB boosted its stake in shares of PTC Inc (NASDAQ:PTC) by 58.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,939 shares of the technology company’s stock after buying an additional 5,500 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in PTC were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in PTC during the fourth quarter worth about $317,000. Allianz Asset Management GmbH grew its position in PTC by 1.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,476,429 shares of the technology company’s stock worth $89,723,000 after buying an additional 16,149 shares during the period. Two Sigma Investments LP acquired a new position in PTC during the fourth quarter worth about $5,740,000. Flinton Capital Management LLC grew its position in PTC by 25.1% during the fourth quarter. Flinton Capital Management LLC now owns 7,664 shares of the technology company’s stock worth $466,000 after buying an additional 1,536 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in PTC during the fourth quarter worth about $4,216,000. Institutional investors own 99.17% of the company’s stock.
PTC stock opened at $93.54 on Friday. The company has a market capitalization of $10.52 billion, a PE ratio of 118.46, a price-to-earnings-growth ratio of 2.91 and a beta of 1.34. PTC Inc has a 12 month low of $52.20 and a 12 month high of $100.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.69.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, April 18th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $307.88 million for the quarter, compared to the consensus estimate of $302.90 million. PTC had a net margin of 3.16% and a return on equity of 10.04%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. equities analysts anticipate that PTC Inc will post 0.83 EPS for the current fiscal year.
PTC has been the topic of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $83.00 price target on shares of PTC in a research report on Tuesday, March 6th. Berenberg Bank increased their price target on shares of PTC to $100.00 and gave the company a “buy” rating in a research report on Monday, April 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of PTC in a research report on Sunday, April 15th. BidaskClub lowered shares of PTC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, 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. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.93.
In related news, Director Robert Schechter sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $85.20, for a total transaction of $255,600.00. Following the transaction, the director now owns 67,207 shares of the company’s stock, valued at $5,726,036.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony Dibona sold 3,278 shares of the company’s stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $84.35, for a total transaction of $276,499.30. Following the transaction, the executive vice president now directly owns 33,181 shares in the company, valued at approximately $2,798,817.35. The disclosure for this sale can be found here. Insiders have sold 130,778 shares of company stock worth $10,967,374 in the last three months. Insiders own 1.19% of the company’s stock.
PTC Company Profile
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.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.