Bank of Montreal Can Sells 1,384 Shares of PTC Inc (PTC)

Bank of Montreal Can lessened its holdings in shares of PTC Inc (NASDAQ:PTC) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,102 shares of the technology company’s stock after selling 1,384 shares during the period. Bank of Montreal Can’s holdings in PTC were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of PTC by 1.7% during the third quarter. Pacer Advisors Inc. now owns 36,636 shares of the technology company’s stock worth $3,890,000 after purchasing an additional 611 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in PTC by 9.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 7,690 shares of the technology company’s stock valued at $817,000 after buying an additional 633 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in PTC by 33.0% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,645 shares of the technology company’s stock valued at $281,000 after buying an additional 657 shares during the period. CIBC Asset Management Inc grew its position in PTC by 16.1% during the third quarter. CIBC Asset Management Inc now owns 4,841 shares of the technology company’s stock valued at $514,000 after buying an additional 671 shares during the period. Finally, Campbell Newman Asset Management Inc. grew its position in PTC by 11.7% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 7,147 shares of the technology company’s stock valued at $592,000 after buying an additional 749 shares during the period. 94.49% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Barry F. Cohen sold 47,194 shares of PTC stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $84.94, for a total value of $4,008,658.36. Following the sale, the executive vice president now owns 55,002 shares in the company, valued at $4,671,869.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Miller sold 46,524 shares of PTC stock in a transaction dated 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 sale, the chief financial officer now owns 80,769 shares in the company, valued at approximately $6,900,903.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,971 shares of company stock worth $21,346,056. Company insiders own 9.91% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Deutsche Bank assumed coverage on shares of PTC in a research report on Wednesday, January 16th. They set a “buy” rating and a $115.00 price target on the stock. Guggenheim set a $100.00 price target on shares of PTC and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Finally, Stifel Nicolaus assumed coverage on shares of PTC in a research report on Tuesday, December 18th. They set a “buy” rating and a $105.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. PTC has a consensus rating of “Buy” and an average price target of $101.19.

Shares of NASDAQ PTC opened at $90.35 on Thursday. PTC Inc has a 52-week low of $68.44 and a 52-week high of $107.44. The stock has a market capitalization of $10.42 billion, a PE ratio of 100.39, a P/E/G ratio of 2.28 and a beta of 1.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.15. PTC had a net margin of 4.65% and a return on equity of 12.70%. The business had revenue of $334.96 million for the quarter, compared to analyst estimates of $324.70 million. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts predict that PTC Inc will post 1.09 earnings per share for the current fiscal year.

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PTC 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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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