Toronto Dominion Bank increased its stake in PTC Inc (NASDAQ:PTC) by 31.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,105 shares of the technology company’s stock after buying an additional 980 shares during the quarter. Toronto Dominion Bank’s holdings in PTC were worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PTC. State Board of Administration of Florida Retirement System lifted its stake in PTC by 3.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 145,601 shares of the technology company’s stock valued at $13,659,000 after buying an additional 4,780 shares in the last quarter. Rhumbline Advisers lifted its stake in PTC by 1.0% during the second quarter. Rhumbline Advisers now owns 228,015 shares of the technology company’s stock valued at $21,390,000 after buying an additional 2,215 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in PTC during the second quarter valued at about $2,922,000. Boston Financial Mangement LLC lifted its stake in PTC by 1.2% during the second quarter. Boston Financial Mangement LLC now owns 116,598 shares of the technology company’s stock valued at $10,938,000 after buying an additional 1,421 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in PTC during the second quarter valued at about $321,000. 94.24% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Anthony Dibona sold 2,187 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $96.30, for a total value of $210,608.10. Following the transaction, the executive vice president now owns 30,090 shares in the company, valued at $2,897,667. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Staats Aaron C. Von sold 4,701 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $97.06, for a total value of $456,279.06. Following the completion of the transaction, the vice president now owns 8,541 shares in the company, valued at approximately $828,989.46. The disclosure for this sale can be found here. Insiders sold 101,733 shares of company stock worth $9,521,376 in the last 90 days. 1.19% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. Guggenheim assumed coverage on PTC in a report on Tuesday, August 7th. They issued a “buy” rating and a $115.00 target price on the stock. Mitsubishi UFJ Financial Group upped their target price on PTC to $81.00 and gave the company a “neutral” rating in a report on Thursday, July 19th. Berenberg Bank reiterated a “buy” rating and issued a $115.00 target price on shares of PTC in a report on Thursday, July 19th. Zacks Investment Research upgraded PTC from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on PTC from $79.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, June 18th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $99.44.

Shares of PTC opened at $98.70 on Friday. The stock has a market capitalization of $11.50 billion, a PE ratio of 110.93, a price-to-earnings-growth ratio of 3.04 and a beta of 1.26. PTC Inc has a fifty-two week low of $54.18 and a fifty-two week high of $100.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.88 and a current ratio of 0.88.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 18th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. PTC had a return on equity of 11.62% and a net margin of 4.55%. The firm had revenue of $314.78 million for the quarter, compared to the consensus estimate of $312.95 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. sell-side analysts expect that PTC Inc will post 0.88 EPS for the current fiscal year.

PTC Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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