Arizona State Retirement System raised its stake in shares of PTC Inc. (NASDAQ:PTC) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,377 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in PTC were worth $2,144,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in PTC by 221.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,044 shares of the company’s stock valued at $114,000 after buying an additional 2,098 shares during the period. Meeder Asset Management Inc. purchased a new stake in PTC during the third quarter valued at about $114,000. US Bancorp DE increased its stake in PTC by 1.8% in the second quarter. US Bancorp DE now owns 3,595 shares of the company’s stock valued at $136,000 after buying an additional 65 shares during the period. Bessemer Group Inc. increased its stake in PTC by 99.8% in the second quarter. Bessemer Group Inc. now owns 3,739 shares of the company’s stock valued at $140,000 after buying an additional 1,868 shares during the period. Finally, World Asset Management Inc purchased a new stake in PTC during the second quarter valued at about $210,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

PTC Inc. (NASDAQ:PTC) traded down 0.34% on Monday, reaching $49.62. 821,782 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $46.53 and a 200-day moving average of $41.75. PTC Inc. has a 12 month low of $27.06 and a 12 month high of $49.93. The firm’s market capitalization is $5.74 billion.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.10. The firm had revenue of $288.20 million for the quarter, compared to the consensus estimate of $297.91 million. PTC had a positive return on equity of 10.56% and a negative net margin of 4.92%. PTC’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, equities analysts expect that PTC Inc. will post $1.33 earnings per share for the current year.

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PTC has been the topic of several analyst reports. Wedbush lifted their price target on shares of PTC from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, October 27th. RBC Capital Markets reaffirmed an “outperform” rating and set a $55.00 price target (up previously from $53.00) on shares of PTC in a research note on Wednesday, November 9th. Barclays PLC reaffirmed a “buy” rating and set a $59.00 price target on shares of PTC in a research note on Wednesday, November 9th. Brean Capital initiated coverage on shares of PTC in a research note on Friday, October 7th. They set a “buy” rating on the stock. Finally, Goldman Sachs Group Inc. began coverage on shares of PTC in a research note on Friday, November 4th. They set a “buy” rating and a $58.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.93.

In other PTC news, EVP Anthony Dibona sold 11,025 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $48.72, for a total value of $537,138.00. Following the completion of the sale, the executive vice president now directly owns 32,884 shares of the company’s stock, valued at approximately $1,602,108.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $46.46, for a total transaction of $1,161,500.00. Following the completion of the sale, the insider now directly owns 561,006 shares of the company’s stock, valued at $26,064,338.76. 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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