Great West Life Assurance Co. Can boosted its stake in shares of PTC Inc (NASDAQ:PTC) by 17.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,491 shares of the technology company’s stock after purchasing an additional 11,860 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of PTC worth $8,338,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC grew its position in PTC by 225.6% in the second quarter. Millennium Management LLC now owns 1,038,404 shares of the technology company’s stock worth $97,413,000 after acquiring an additional 719,478 shares in the last quarter. American Century Companies Inc. bought a new stake in PTC in the third quarter worth approximately $67,055,000. Ownership Capital B.V. bought a new stake in PTC in the third quarter worth approximately $45,745,000. First Trust Advisors LP grew its position in PTC by 1,157.4% in the second quarter. First Trust Advisors LP now owns 362,419 shares of the technology company’s stock worth $33,999,000 after acquiring an additional 333,595 shares in the last quarter. Finally, BlackRock Inc. grew its position in PTC by 2.5% in the second quarter. BlackRock Inc. now owns 10,657,911 shares of the technology company’s stock worth $999,819,000 after acquiring an additional 260,827 shares in the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on PTC. BidaskClub downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Cowen set a $105.00 target price on shares of PTC and gave the stock a “buy” rating in a research report on Sunday, October 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PTC to $96.00 in a report on Friday, October 26th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. PTC currently has a consensus rating of “Buy” and a consensus target price of $98.63.
In related news, CFO Andrew Miller sold 46,524 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $85.44, for a total transaction of $3,975,010.56. Following the completion of the transaction, the chief financial officer now directly owns 80,769 shares in the company, valued at approximately $6,900,903.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Barry F. Cohen sold 47,194 shares of the company’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $84.94, for a total transaction of $4,008,658.36. Following the transaction, the executive vice president now owns 55,002 shares of the company’s stock, valued at $4,671,869.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,231 shares of company stock valued at $12,779,065. 1.19% of the stock is owned by insiders.
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. The firm has a market cap of $10.37 billion, a P/E ratio of 93.09, a PEG ratio of 2.42 and a beta of 1.50. PTC Inc has a 1 year low of $59.40 and a 1 year high of $107.44.
PTC (NASDAQ:PTC) last posted 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. The business had revenue of $312.52 million during the quarter, compared to the consensus estimate of $322.00 million. PTC had a net margin of 4.19% and a return on equity of 11.97%. PTC’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities research analysts expect that PTC Inc will post 1.11 earnings per share for the current year.
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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.
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