Oregon Public Employees Retirement Fund grew its position in shares of PTC Inc (NASDAQ:PTC) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,845 shares of the technology company’s stock after acquiring an additional 1,302 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $4,207,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new position in PTC during the second quarter valued at $163,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of PTC in the 2nd quarter worth $186,000. FDx Advisors Inc. bought a new stake in shares of PTC in the 2nd quarter worth $204,000. Gideon Capital Advisors Inc. bought a new stake in shares of PTC in the 2nd quarter worth $222,000. Finally, IFP Advisors Inc increased its holdings in shares of PTC by 49.4% in the 1st quarter. IFP Advisors Inc now owns 2,861 shares of the technology company’s stock worth $223,000 after purchasing an additional 946 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.
NASDAQ PTC traded down $0.11 during trading hours on Friday, hitting $105.67. 1,121,944 shares of the company were exchanged, compared to its average volume of 845,928. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.88 and a quick ratio of 0.88. PTC Inc has a 52 week low of $54.37 and a 52 week high of $107.31. The stock has a market capitalization of $12.36 billion, a P/E ratio of 142.80, a PEG ratio of 3.27 and a beta of 1.27.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 18th. The technology company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The company had revenue of $314.78 million for the quarter, compared to analysts’ expectations of $312.95 million. PTC had a return on equity of 11.62% and a net margin of 4.55%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. equities research analysts anticipate that PTC Inc will post 0.88 earnings per share for the current fiscal year.
Several analysts recently commented on PTC shares. Royal Bank of Canada lifted their price objective on PTC to $114.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. BidaskClub raised PTC from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. Zacks Investment Research raised PTC from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. JPMorgan Chase & Co. boosted their price target on PTC from $79.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, June 18th. Finally, Mitsubishi UFJ Financial Group boosted their price target on PTC to $81.00 and gave the company a “neutral” rating in a report on Thursday, July 19th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.44.
In other PTC news, CFO Andrew Miller sold 34,453 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $92.16, for a total transaction of $3,175,188.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Staats Aaron C. Von sold 4,701 shares of the company’s stock in a transaction 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 sale, the vice president now owns 8,541 shares of the company’s stock, valued at approximately $828,989.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,733 shares of company stock worth $9,521,376. Insiders own 1.19% of the company’s stock.
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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