Bank of Montreal Can reduced its position in shares of PTC Inc. (NASDAQ:PTC) by 33.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,381 shares of the technology company’s stock after selling 3,719 shares during the period. Bank of Montreal Can’s holdings in PTC were worth $406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PTC. Capstone Asset Management Co. increased its position in PTC by 6.0% in the first quarter. Capstone Asset Management Co. now owns 9,409 shares of the technology company’s stock worth $494,000 after buying an additional 530 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in PTC by 9.1% in the first quarter. Glen Harbor Capital Management LLC now owns 6,048 shares of the technology company’s stock worth $318,000 after buying an additional 504 shares in the last quarter. First Mercantile Trust Co. purchased a new position in PTC during the first quarter worth about $177,000. Granite Investment Partners LLC purchased a new position in PTC during the first quarter worth about $360,000. Finally, Russell Investments Group Ltd. increased its position in PTC by 7.2% in the first quarter. Russell Investments Group Ltd. now owns 114,648 shares of the technology company’s stock worth $6,024,000 after buying an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.

PTC Inc. (PTC) traded down 0.98% during mid-day trading on Tuesday, hitting $54.29. The stock had a trading volume of 158,190 shares. The stock’s market cap is $6.28 billion. PTC Inc. has a 12-month low of $41.40 and a 12-month high of $60.22. The company has a 50-day moving average of $55.18 and a 200-day moving average of $54.94.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $291.92 million during the quarter, compared to analyst estimates of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. On average, analysts anticipate that PTC Inc. will post $1.20 earnings per share for the current fiscal year.

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A number of research firms recently issued reports on PTC. Berenberg Bank began coverage on PTC in a research note on Wednesday, August 23rd. They set a “buy” rating and a $66.00 price target on the stock. Evercore ISI set a $65.00 price target on PTC and gave the stock a “buy” rating in a research note on Monday. BidaskClub downgraded PTC from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a $65.00 price target (down previously from $67.00) on shares of PTC in a research note on Saturday, July 22nd. Finally, Robert W. Baird began coverage on PTC in a research note on Wednesday, May 10th. They set an “outperform” rating and a $65.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. PTC has a consensus rating of “Buy” and an average target price of $62.47.

In related news, EVP Barry F. Cohen sold 27,374 shares of the firm’s 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 completion of the sale, the executive vice president now owns 79,729 shares of the company’s stock, valued at $4,358,784.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anthony Dibona sold 2,205 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were 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 directly owns 22,228 shares of the company’s stock, valued at approximately $1,242,100.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,329 shares of company stock valued at $3,588,097. Company insiders own 1.02% of the company’s stock.

About PTC

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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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