Public Employees Retirement Association of Colorado decreased its position in PTC Inc (NASDAQ:PTC) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 224,658 shares of the technology company’s stock after selling 7,831 shares during the period. Public Employees Retirement Association of Colorado owned about 0.20% of PTC worth $20,165,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arlington Partners LLC purchased a new position in PTC in the second quarter valued at $64,000. Machina Capital S.A.S. increased its holdings in PTC by 17,775.0% in the second quarter. Machina Capital S.A.S. now owns 715 shares of the technology company’s stock valued at $64,000 after buying an additional 711 shares in the last quarter. First Manhattan Co. purchased a new position in PTC in the first quarter valued at $92,000. Manchester Capital Management LLC purchased a new position in PTC in the first quarter valued at $115,000. Finally, Pearl River Capital LLC increased its holdings in PTC by 201.7% in the first quarter. Pearl River Capital LLC now owns 2,112 shares of the technology company’s stock valued at $194,000 after buying an additional 1,412 shares in the last quarter. 91.32% of the stock is owned by institutional investors.
PTC traded down $3.30 on Wednesday, reaching $62.50. 22,462 shares of the company’s stock were exchanged, compared to its average volume of 1,220,838. The firm has a market capitalization of $7.65 billion, a PE ratio of 69.44, a PEG ratio of 1.98 and a beta of 1.15. PTC Inc has a twelve month low of $64.02 and a twelve month high of $107.44. The business has a fifty day moving average price of $81.33. The company has a current ratio of 0.79, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.
PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The firm had revenue of $322.40 million for the quarter, compared to analyst estimates of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 11.18%. PTC’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts expect that PTC Inc will post 1.09 EPS for the current year.
A number of analysts have recently commented on the stock. Bank of America reissued an “underperform” rating and set a $65.00 target price (down previously from $80.00) on shares of PTC in a research note on Thursday, July 25th. Griffin Securities cut shares of PTC from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Mizuho cut their target price on shares of PTC from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Wedbush cut their target price on shares of PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, BidaskClub cut shares of PTC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $93.13.
In other PTC news, EVP Staats Aaron C. Von sold 3,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $73.33, for a total value of $219,990.00. Following the transaction, the executive vice president now directly owns 14,154 shares in the company, valued at approximately $1,037,912.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now owns 49,797 shares in the company, valued at $3,364,783.29. The disclosure for this sale can be found here. Insiders have sold 18,950 shares of company stock worth $1,536,636 over the last 90 days. 9.91% of the stock is currently owned by company 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.
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