BlueMountain Capital Management LLC purchased a new position in shares of PTC Inc (NASDAQ:PTC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,874 shares of the technology company’s stock, valued at approximately $1,114,000.
Several other large investors have also modified their holdings of PTC. Cerebellum GP LLC bought a new position in PTC during the 2nd quarter worth approximately $163,000. Gilder Gagnon Howe & Co. LLC bought a new position in PTC during the 2nd quarter worth approximately $186,000. FDx Advisors Inc. bought a new position in PTC during the 2nd quarter worth approximately $204,000. Gideon Capital Advisors Inc. bought a new position in PTC during the 2nd quarter worth approximately $222,000. Finally, IFP Advisors Inc boosted its stake in PTC by 49.4% during the 1st quarter. IFP Advisors Inc now owns 2,861 shares of the technology company’s stock worth $223,000 after acquiring an additional 946 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
Shares of PTC opened at $105.78 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88. PTC Inc has a twelve month low of $54.37 and a twelve month high of $106.45. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 142.95, a P/E/G ratio of 3.21 and a beta of 1.27.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 18th. The technology company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. PTC had a net margin of 4.55% and a return on equity of 11.62%. The firm had revenue of $314.78 million for the quarter, compared to analyst estimates of $312.95 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. analysts anticipate that PTC Inc will post 0.88 earnings per share for the current year.
Several research firms recently weighed in on PTC. BidaskClub raised shares of PTC from a “buy” rating to a “strong-buy” rating in a research note on Friday. Guggenheim began coverage on shares of PTC in a research note on Tuesday, August 7th. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research raised shares of PTC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Cowen set a $113.00 price objective on shares of PTC and gave the stock a “buy” rating in a research note on Thursday, July 19th. Finally, Mitsubishi UFJ Financial Group lifted their price objective on shares of PTC to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.44.
In other news, VP Staats Aaron C. Von sold 4,701 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $97.06, for a total value of $456,279.06. Following the sale, the vice president now owns 8,541 shares of the company’s stock, valued at $828,989.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $92.88, for a total transaction of $2,322,000.00. Following the completion of the sale, the insider now directly owns 594,529 shares in the company, valued at approximately $55,219,853.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,733 shares of company stock worth $9,521,376. Insiders own 1.19% of the company’s stock.
PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; 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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