PTC Inc. (NASDAQ:PTC) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its stake in PTC Inc. (NASDAQ:PTC) by 27.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 72,020 shares of the technology company’s stock after selling 27,621 shares during the period. Jupiter Asset Management Ltd.’s holdings in PTC were worth $9,913,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Advisory Research Inc. acquired a new stake in PTC in the 1st quarter valued at approximately $373,000. Acadian Asset Management LLC increased its holdings in PTC by 141.2% in the 1st quarter. Acadian Asset Management LLC now owns 6,587 shares of the technology company’s stock valued at $906,000 after purchasing an additional 3,856 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in PTC in the 1st quarter valued at approximately $593,000. Teacher Retirement System of Texas increased its holdings in PTC by 22.4% in the 1st quarter. Teacher Retirement System of Texas now owns 12,237 shares of the technology company’s stock valued at $1,684,000 after purchasing an additional 2,241 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in PTC by 530.7% in the 1st quarter. Toronto Dominion Bank now owns 130,977 shares of the technology company’s stock valued at $18,029,000 after buying an additional 110,209 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Shares of PTC opened at $136.37 on Friday. PTC Inc. has a 1-year low of $72.27 and a 1-year high of $149.50. The stock has a market capitalization of $15.94 billion, a PE ratio of 72.54, a PEG ratio of 2.50 and a beta of 1.21. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $136.67.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, April 28th. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.38. PTC had a net margin of 13.52% and a return on equity of 18.64%. The firm had revenue of $461.79 million during the quarter, compared to analysts’ expectations of $416.01 million. During the same period in the previous year, the company earned $0.59 earnings per share. PTC’s quarterly revenue was up 28.4% compared to the same quarter last year. On average, analysts anticipate that PTC Inc. will post 2.05 earnings per share for the current fiscal year.

Several equities analysts have commented on PTC shares. Barclays raised their price target on shares of PTC from $145.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, April 16th. Mizuho raised their price target on shares of PTC from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 16th. TheStreet raised shares of PTC from a “c+” rating to a “b+” rating in a research report on Wednesday, April 28th. Royal Bank of Canada raised their price target on shares of PTC from $145.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday, April 19th. Finally, Stifel Nicolaus began coverage on shares of PTC in a research report on Tuesday, May 25th. They set a “buy” rating and a $160.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $128.63.

In other PTC news, EVP Michael Ditullio sold 5,372 shares of PTC stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $147.83, for a total value of $794,142.76. Following the transaction, the executive vice president now directly owns 36,376 shares in the company, valued at $5,377,464.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Corinna Lathan sold 1,146 shares of PTC stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $139.12, for a total transaction of $159,431.52. Over the last three months, insiders sold 7,018 shares of company stock valued at $1,023,232. 10.02% of the stock is owned by corporate insiders.

PTC Company Profile

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an IIoT platform that enables customers to address digital transformation of their operations, products, and services; ThingWorx Solution Central, a centralized portal in the cloud that allows users of ThingWorx to discover, deploy, and manage ThingWorx applications; and ThingWorx Kepware, which enables users to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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