PTC Inc. (PTC) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA raised its holdings in PTC Inc. (NASDAQ:PTC) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,922 shares of the technology company’s stock after acquiring an additional 2,087 shares during the period. Federated Investors Inc. PA’s holdings in PTC were worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky boosted its position in shares of PTC by 28.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 307,549 shares of the technology company’s stock worth $16,162,000 after buying an additional 67,926 shares during the period. Quantbot Technologies LP bought a new stake in PTC during the first quarter worth about $2,899,000. Mason Street Advisors LLC raised its holdings in PTC by 1.3% during the first quarter. Mason Street Advisors LLC now owns 54,668 shares of the technology company’s stock worth $2,873,000 after acquiring an additional 713 shares in the last quarter. Wellington Management Group LLP raised its holdings in PTC by 213.5% during the first quarter. Wellington Management Group LLP now owns 1,472,849 shares of the technology company’s stock worth $77,397,000 after acquiring an additional 1,003,004 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in PTC during the first quarter worth about $1,129,000. 98.15% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on PTC shares. Robert W. Baird began coverage on PTC in a report on Wednesday, May 10th. They set an “outperform” rating and a $65.00 target price on the stock. Benchmark Co. began coverage on PTC in a research note on Thursday, May 18th. They issued a “buy” rating and a $65.00 price objective on the stock. Pacific Crest upped their price objective on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) began coverage on PTC in a research note on Monday, July 17th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $68.00 price objective on shares of PTC in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. PTC has a consensus rating of “Buy” and an average price target of $62.65.
In related news, Director Donald K. Grierson sold 5,000 shares of PTC stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total transaction of $268,850.00. Following the completion of the transaction, the director now directly owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $55.27, for a total transaction of $1,381,750.00. Following the transaction, the insider now directly owns 561,022 shares of the company’s stock, valued at $31,007,685.94. The disclosure for this sale can be found here. Insiders sold a total of 65,329 shares of company stock valued at $3,588,097 over the last three months. Corporate insiders own 1.02% of the company’s stock.
Shares of PTC Inc. (NASDAQ:PTC) opened at 55.90 on Tuesday. PTC Inc. has a 12 month low of $41.40 and a 12 month high of $60.22. The company’s 50-day moving average price is $54.92 and its 200-day moving average price is $54.99. The firm’s market cap is $6.46 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The business had revenue of $291.92 million during the quarter, compared to analysts’ expectations of $290.55 million. During the same period last year, the company posted $0.26 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, analysts predict that PTC Inc. will post $1.20 EPS for the current year.
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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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