Toronto Dominion Bank Purchases 980 Shares of PTC Inc (PTC)
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.
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 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.
Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc (NASDAQ:PTC).
Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.