Strs Ohio purchased a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 353,700 shares of the technology company’s stock, valued at approximately $19,495,000. Strs Ohio owned about 0.31% of PTC as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Welch & Forbes LLC boosted its position in PTC by 1.2% in the first quarter. Welch & Forbes LLC now owns 5,060 shares of the technology company’s stock valued at $266,000 after buying an additional 60 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PTC by 3.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,845 shares of the technology company’s stock worth $202,000 after buying an additional 144 shares during the last quarter. Toronto Dominion Bank boosted its stake in PTC by 10.0% in the first quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock worth $130,000 after buying an additional 225 shares during the last quarter. Flinton Capital Management LLC boosted its stake in PTC by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,456 shares of the technology company’s stock worth $182,000 after buying an additional 288 shares during the last quarter. Finally, First National Bank of Omaha boosted its stake in PTC by 0.8% in the second quarter. First National Bank of Omaha now owns 41,965 shares of the technology company’s stock worth $2,313,000 after buying an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.
PTC Inc. (PTC) traded up 1.52% during midday trading on Friday, hitting $53.34. The stock had a trading volume of 838,848 shares. The stock’s market cap is $6.17 billion. PTC Inc. has a one year low of $41.14 and a one year high of $60.22. The firm has a 50 day moving average price of $55.82 and a 200 day moving average price of $54.87.
PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. The firm had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. Equities analysts expect that PTC Inc. will post $1.20 EPS for the current year.
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PTC has been the subject of a number of recent research reports. Pacific Crest increased their price objective on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) started coverage on PTC in a research note on Monday, July 17th. They set a “neutral” rating and a $62.00 target price for the company. J P Morgan Chase & Co reissued an “overweight” rating and set a $68.00 target price on shares of PTC in a research note on Thursday, July 20th. Guggenheim reissued a “neutral” rating and set a $50.00 target price on shares of PTC in a research note on Tuesday, April 18th. Finally, Wedbush increased their target price on PTC from $59.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $62.25.
In related news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total transaction of $268,850.00. Following the completion of the transaction, the director now directly owns 62,300 shares in the company, valued at approximately $3,349,871. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barry F. Cohen sold 27,374 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the sale, the executive vice president now directly owns 79,729 shares in the company, valued at $4,358,784.43. The disclosure for this sale can be found here. Insiders sold a total of 65,329 shares of company stock valued at $3,588,097 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.
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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