Optimum Investment Advisors Cuts Holdings in PTC Inc (PTC)
Optimum Investment Advisors lessened its stake in PTC Inc (NASDAQ:PTC) by 23.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,600 shares of the technology company’s stock after selling 800 shares during the quarter. Optimum Investment Advisors’ holdings in PTC were worth $216,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Mondrian Capital Management LLC bought a new stake in PTC during the 4th quarter valued at $83,000. Honkamp Krueger Financial Services Inc. bought a new position in PTC in the 3rd quarter worth $116,000. Tributary Capital Management LLC bought a new position in PTC in the 4th quarter worth $142,000. Private Advisor Group LLC bought a new position in PTC in the 3rd quarter worth $202,000. Finally, Checchi Capital Advisers LLC bought a new position in PTC in the 3rd quarter worth $221,000. 94.49% of the stock is owned by institutional investors and hedge funds.
In other PTC news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $88.14, for a total value of $440,700.00. Following the completion of the sale, the director now directly owns 66,007 shares of the company’s stock, valued at approximately $5,817,856.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James E. Heppelmann sold 85,740 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $84.86, for a total value of $7,275,896.40. Following the completion of the sale, the insider now directly owns 679,391 shares of the company’s stock, valued at $57,653,120.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,971 shares of company stock valued at $21,346,056. Corporate insiders own 9.91% of the company’s stock.
PTC stock opened at $87.26 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.48 and a current ratio of 1.48. PTC Inc has a 12 month low of $65.48 and a 12 month high of $107.44. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 96.96, a P/E/G ratio of 2.28 and a beta of 1.26.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.15. PTC had a return on equity of 12.70% and a net margin of 4.65%. The business had revenue of $334.96 million for the quarter, compared to analyst estimates of $324.70 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that PTC Inc will post 1.09 earnings per share for the current year.
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PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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