DSAM Partners London Ltd Takes Position in PTC Inc. (PTC)
DSAM Partners London Ltd bought a new stake in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125,022 shares of the technology company’s stock, valued at approximately $6,891,000. PTC makes up 1.2% of DSAM Partners London Ltd’s investment portfolio, making the stock its 25th largest position. DSAM Partners London Ltd owned 0.11% of PTC as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock worth $541,450,000 after buying an additional 10,203,410 shares during the period. Vanguard Group Inc. raised its position in PTC by 4.9% in the first quarter. Vanguard Group Inc. now owns 9,188,631 shares of the technology company’s stock worth $482,863,000 after buying an additional 430,924 shares during the period. FMR LLC raised its position in PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock worth $270,642,000 after buying an additional 2,755,079 shares during the period. State Street Corp raised its position in PTC by 2.0% in the first quarter. State Street Corp now owns 2,944,568 shares of the technology company’s stock worth $154,737,000 after buying an additional 58,720 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in PTC during the first quarter worth approximately $130,787,000. Institutional investors and hedge funds own 98.15% of the company’s stock.
PTC Inc. (NASDAQ:PTC) opened at 54.83 on Tuesday. The firm has a 50 day moving average of $55.18 and a 200-day moving average of $54.94. PTC Inc. has a 52 week low of $41.40 and a 52 week high of $60.22. The company’s market capitalization is $6.34 billion.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The business had revenue of $291.92 million during the quarter, compared to analyst estimates of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. PTC’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, analysts forecast that PTC Inc. will post $1.20 earnings per share for the current year.
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A number of equities analysts have commented on PTC shares. Evercore ISI set a $65.00 price target on shares of PTC and gave the company a “buy” rating in a research report on Monday. Berenberg Bank started coverage on shares of PTC in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $66.00 price target on the stock. Benchmark Co. started coverage on shares of PTC in a research report on Thursday, May 18th. They issued a “buy” rating and a $65.00 price target on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of PTC in a research report on Monday, July 17th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Robert W. Baird started coverage on shares of PTC in a research report on Wednesday, May 10th. They issued an “outperform” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $62.47.
In other news, EVP Anthony Dibona sold 2,205 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $55.88, for a total transaction of $123,215.40. Following the completion of the sale, the executive vice president now owns 22,228 shares of the company’s stock, valued at $1,242,100.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Barry F. Cohen sold 27,374 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $54.67, for a total value of $1,496,536.58. Following the sale, the executive vice president now directly owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,329 shares of company stock valued at $3,588,097. 1.02% of the stock is owned by insiders.
PTC Company Profile
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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