Marshall Wace North America L.P. lessened its stake in PTC Inc (NASDAQ:PTC) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,204,804 shares of the technology company’s stock after selling 441,968 shares during the quarter. PTC accounts for approximately 0.9% of Marshall Wace North America L.P.’s holdings, making the stock its 29th biggest position. Marshall Wace North America L.P.’s holdings in PTC were worth $127,938,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. purchased a new position in PTC in the 3rd quarter worth about $116,000. Fort L.P. purchased a new position in PTC in the 2nd quarter worth about $122,000. Qube Research & Technologies Ltd purchased a new position in PTC in the 2nd quarter worth about $134,000. Almanack Investment Partners LLC. purchased a new position in PTC in the 2nd quarter worth about $150,000. Finally, IBM Retirement Fund purchased a new position in PTC in the 2nd quarter worth about $202,000. 91.62% of the stock is owned by hedge funds and other institutional investors.
PTC has been the subject of several research reports. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. reduced their price target on shares of PTC to $96.00 in a research report on Friday, October 26th. Finally, Cowen set a $105.00 price target on shares of PTC and gave the company a “buy” rating in a research report on Sunday, October 28th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. PTC presently has a consensus rating of “Buy” and an average price target of $98.63.
Shares of NASDAQ:PTC traded up $0.15 during mid-day trading on Thursday, reaching $87.52. 1,281,000 shares of the company traded hands, compared to its average volume of 1,101,689. The company has a market cap of $10.37 billion, a PE ratio of 97.24, a price-to-earnings-growth ratio of 2.42 and a beta of 1.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. PTC Inc has a 52 week low of $59.40 and a 52 week high of $107.44.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $312.52 million during the quarter, compared to the consensus estimate of $322.00 million. PTC had a return on equity of 11.97% and a net margin of 4.19%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. Equities research analysts predict that PTC Inc will post 1.11 earnings per share for the current fiscal year.
In related news, EVP Staats Aaron C. Von sold 11,907 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $87.62, for a total transaction of $1,043,291.34. Following the completion of the transaction, the executive vice president now directly owns 23,981 shares in the company, valued at approximately $2,101,215.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Miller sold 46,524 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $85.44, for a total value of $3,975,010.56. Following the transaction, the chief financial officer now owns 80,769 shares of the company’s stock, valued at $6,900,903.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,231 shares of company stock valued at $12,779,065. 1.19% of the stock is currently owned by corporate insiders.
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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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