Robecosam AG grew its holdings in PTC Inc (NASDAQ:PTC) by 6.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 450,000 shares of the technology company’s stock after buying an additional 27,544 shares during the quarter. PTC makes up about 1.8% of Robecosam AG’s investment portfolio, making the stock its 10th largest holding. Robecosam AG owned approximately 0.39% of PTC worth $27,558,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PTC. US Bancorp DE lifted its stake in shares of PTC by 29.5% in the 4th quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after purchasing an additional 868 shares during the period. Prudential Financial Inc. lifted its stake in shares of PTC by 1.3% in the 3rd quarter. Prudential Financial Inc. now owns 73,343 shares of the technology company’s stock valued at $4,128,000 after purchasing an additional 910 shares during the period. Stifel Financial Corp lifted its stake in shares of PTC by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 55,094 shares of the technology company’s stock valued at $3,101,000 after purchasing an additional 1,169 shares during the period. Amalgamated Bank lifted its stake in shares of PTC by 5.4% in the 4th quarter. Amalgamated Bank now owns 24,123 shares of the technology company’s stock valued at $1,466,000 after purchasing an additional 1,238 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of PTC by 6.9% in the 3rd quarter. Pacer Advisors Inc. now owns 19,677 shares of the technology company’s stock valued at $1,107,000 after purchasing an additional 1,271 shares during the period. Institutional investors and hedge funds own 97.98% of the company’s stock.
In other news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anthony Dibona sold 5,464 shares of PTC stock in a transaction dated Tuesday, January 23rd. The stock was 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 directly owns 36,317 shares in the company, valued at $2,686,368.49. The disclosure for this sale can be found here. Insiders sold 37,964 shares of company stock worth $2,765,872 over the last 90 days. Company insiders own 1.19% of the company’s stock.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $306.44 million for the quarter, compared to the consensus estimate of $300.17 million. PTC had a return on equity of 9.29% and a net margin of 2.47%. PTC’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. analysts forecast that PTC Inc will post 0.78 EPS for the current fiscal year.
A number of research analysts have recently commented on PTC shares. Citigroup raised their target price on PTC to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Evercore ISI restated a “buy” rating and issued a $85.00 target price on shares of PTC in a research note on Thursday, January 18th. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of PTC in a research note on Thursday, January 4th. Seaport Global Securities restated a “buy” rating and issued a $83.00 target price on shares of PTC in a research note on Friday, January 19th. Finally, BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $72.44.
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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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