Newbrook Capital Advisors LP trimmed its stake in shares of PTC Inc (NASDAQ:PTC) by 49.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,051,912 shares of the technology company’s stock after selling 1,010,189 shares during the quarter. PTC comprises about 4.3% of Newbrook Capital Advisors LP’s portfolio, making the stock its 13th biggest holding. Newbrook Capital Advisors LP owned approximately 0.90% of PTC worth $63,925,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of PTC by 29.5% during the 4th quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock worth $233,000 after buying an additional 868 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of PTC by 1.3% during the 3rd quarter. Prudential Financial Inc. now owns 73,343 shares of the technology company’s stock worth $4,128,000 after buying an additional 910 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of PTC by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 55,094 shares of the technology company’s stock worth $3,101,000 after buying an additional 1,169 shares in the last quarter. Amalgamated Bank increased its holdings in PTC by 5.4% in the 4th quarter. Amalgamated Bank now owns 24,123 shares of the technology company’s stock worth $1,466,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in PTC by 6.9% in the 3rd quarter. Pacer Advisors Inc. now owns 19,677 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 1,271 shares in the last quarter. Hedge funds and other institutional investors own 97.98% of the company’s stock.
In related news, VP Staats Aaron C. Von sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $73.76, for a total transaction of $553,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $72.34, for a total value of $1,808,500.00. The disclosure for this sale can be found here. Insiders sold a total of 37,964 shares of company stock worth $2,765,872 in the last quarter. Corporate insiders own 1.19% of the company’s stock.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The firm had revenue of $306.44 million for the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business’s revenue was up 7.0% on a year-over-year basis. equities research analysts expect that PTC Inc will post 0.78 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on PTC shares. BidaskClub raised PTC from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Wedbush reaffirmed an “outperform” rating and issued a $69.00 target price on shares of PTC in a report on Tuesday, November 14th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of PTC in a report on Monday, February 5th. Royal Bank of Canada upped their target price on PTC to $80.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. cut PTC from an “overweight” rating to a “neutral” rating and set a $68.00 target price for the company. in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given 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 an average target price of $73.25.
PTC Company Profile
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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