Public Employees Retirement Association of Colorado lowered its position in shares of PTC Inc. (NASDAQ:PTC) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,929 shares of the company’s stock after selling 2,279 shares during the period. Public Employees Retirement Association of Colorado owned about 0.30% of PTC worth $12,775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of PTC by 3,567.2% in the second quarter. BNP Paribas Arbitrage SA now owns 45,290 shares of the company’s stock valued at $1,702,000 after buying an additional 44,055 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of PTC by 3.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,474,628 shares of the company’s stock valued at $48,899,000 after buying an additional 51,350 shares during the last quarter. BlackRock Group LTD raised its position in shares of PTC by 1.6% in the first quarter. BlackRock Group LTD now owns 193,511 shares of the company’s stock valued at $6,417,000 after buying an additional 2,962 shares during the last quarter. UBS Group AG raised its position in shares of PTC by 67.6% in the first quarter. UBS Group AG now owns 19,706 shares of the company’s stock valued at $653,000 after buying an additional 7,948 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its position in shares of PTC by 92.9% in the first quarter. A.R.T. Advisors LLC now owns 66,231 shares of the company’s stock valued at $2,196,000 after buying an additional 31,900 shares during the last quarter. 95.12% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

Shares of PTC Inc. (NASDAQ:PTC) traded down 0.09% during mid-day trading on Thursday, reaching $45.10. The company’s stock had a trading volume of 440,002 shares. PTC Inc. has a 52-week low of $27.06 and a 52-week high of $46.91. The company’s market cap is $5.18 billion. The company has a 50-day moving average price of $43.93 and a 200 day moving average price of $38.88.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 20th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.05. PTC had a positive return on equity of 16.92% and a negative net margin of 1.60%. The business had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $288.77 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts expect that PTC Inc. will post $1.34 earnings per share for the current year.

A number of analysts recently weighed in on PTC shares. Brean Capital started coverage on PTC in a research report on Friday, October 7th. They issued a “buy” rating for the company. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Wedbush restated an “outperform” rating and issued a $52.00 target price (up previously from $46.00) on shares of PTC in a research report on Wednesday. Evercore ISI started coverage on PTC in a research report on Wednesday, September 14th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Citigroup Inc. started coverage on PTC in a research report on Monday, August 1st. They issued a “buy” rating and a $48.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.89.

In related news, EVP Anthony Dibona sold 3,238 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $40.26, for a total transaction of $130,361.88. Following the completion of the sale, the executive vice president now owns 22,051 shares in the company, valued at $887,773.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Schechter sold 1,136 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $45.02, for a total value of $51,142.72. Following the sale, the director now owns 60,035 shares of the company’s stock, valued at approximately $2,702,775.70. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.

PTC Company Profile

PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.

5 Day Chart for NASDAQ:PTC

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