First Quadrant L P CA Maintains Stake in PTC Inc (PTC)
First Quadrant L P CA maintained its position in shares of PTC Inc (NASDAQ:PTC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the technology company’s stock at the end of the first quarter. First Quadrant L P CA’s holdings in PTC were worth $562,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conatus Capital Management LP bought a new stake in shares of PTC during the third quarter worth $76,525,000. UBS Asset Management Americas Inc. raised its stake in shares of PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock worth $67,431,000 after buying an additional 1,370,223 shares in the last quarter. Norges Bank bought a new stake in shares of PTC during the fourth quarter worth $38,991,000. Peregrine Capital Management LLC bought a new stake in shares of PTC during the third quarter worth $35,157,000. Finally, Chartwell Investment Partners LLC raised its stake in shares of PTC by 152.9% in the third quarter. Chartwell Investment Partners LLC now owns 1,311,372 shares of the technology company’s stock worth $58,107,000 after buying an additional 792,838 shares in the last quarter. Institutional investors own 97.51% of the company’s stock.
PTC Inc (NASDAQ:PTC) traded up 9.21% on Friday, hitting $55.85. 1,651,169 shares of the stock traded hands. PTC Inc has a 52 week low of $34.68 and a 52 week high of $56.73. The stock has a 50 day moving average of $52.94 and a 200 day moving average of $51.14. The firm’s market capitalization is $6.45 billion.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 19th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $280 million for the quarter, compared to the consensus estimate of $283.81 million. PTC had a negative net margin of 3.50% and a positive return on equity of 7.04%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that PTC Inc will post $1.21 earnings per share for the current year.
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A number of research firms have commented on PTC. Evercore ISI set a $65.00 target price on shares of PTC and gave the stock a “buy” rating in a report on Saturday, March 25th. Robert W. Baird began coverage on shares of PTC in a report on Wednesday, May 10th. They set an “outperform” rating and a $65.00 target price for the company. Barclays PLC boosted their price target on shares of PTC from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Benchmark Co. began coverage on shares of PTC in a report on Thursday. They issued a “buy” rating and a $65.00 price target for the company. Finally, Wedbush boosted their price target on shares of PTC from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.93.
In related news, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $54.38, for a total transaction of $1,359,500.00. Following the sale, the insider now directly owns 586,022 shares of the company’s stock, valued at approximately $31,867,876.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Staats Aaron C. Von sold 8,625 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $54.38, for a total transaction of $469,027.50. The disclosure for this sale can be found here. Insiders sold a total of 38,853 shares of company stock worth $2,108,575 over the last ninety days. Insiders own 1.02% of the company’s stock.
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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