Loomis Sayles & Co. L P lifted its stake in shares of PTC Inc (NASDAQ:PTC) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,968 shares of the technology company’s stock after acquiring an additional 2,016 shares during the quarter. Loomis Sayles & Co. L P owned 0.13% of PTC worth $16,775,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of PTC by 9.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 7,690 shares of the technology company’s stock valued at $817,000 after purchasing an additional 633 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of PTC by 33.0% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,645 shares of the technology company’s stock valued at $281,000 after purchasing an additional 657 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of PTC by 2.5% in the second quarter. Aperio Group LLC now owns 27,421 shares of the technology company’s stock valued at $2,572,000 after purchasing an additional 658 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of PTC by 16.1% in the third quarter. CIBC Asset Management Inc now owns 4,841 shares of the technology company’s stock valued at $514,000 after purchasing an additional 671 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of PTC by 4.3% in the second quarter. Bank of Montreal Can now owns 19,053 shares of the technology company’s stock valued at $1,788,000 after purchasing an additional 779 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:PTC opened at $83.78 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. PTC Inc has a 1 year low of $59.40 and a 1 year high of $107.44. The firm has a market cap of $10.39 billion, a P/E ratio of 98.34, a PEG ratio of 2.43 and a beta of 1.50.
PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. PTC had a return on equity of 11.97% and a net margin of 4.19%. The business had revenue of $312.52 million during the quarter, compared to analyst estimates of $322.00 million. During the same period last year, the company earned $0.34 earnings per share. PTC’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that PTC Inc will post 1.11 earnings per share for the current year.
A number of research firms have recently issued reports on PTC. BidaskClub upgraded PTC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 14th. JPMorgan Chase & Co. reduced their target price on PTC to $96.00 in a report on Friday, October 26th. Finally, Cowen set a $105.00 target price on PTC and gave the company a “buy” rating in a report on Sunday, October 28th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $98.63.
In other PTC news, Director Phillip M. Fernandez sold 250 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $102.46, for a total transaction of $25,615.00. Following the transaction, the director now directly owns 20,912 shares of the company’s stock, valued at $2,142,643.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Miller sold 46,524 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $85.44, for a total transaction of $3,975,010.56. Following the transaction, the chief financial officer now directly owns 80,769 shares in the company, valued at $6,900,903.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,231 shares of company stock valued at $12,779,065. 1.19% of the stock is owned by corporate insiders.
PTC Company Profile
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.
See Also: Systematic Risk
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