Cohen Klingenstein LLC maintained its position in shares of PTC Inc. (NASDAQ:PTC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,041 shares of the technology company’s stock at the end of the second quarter. Cohen Klingenstein LLC’s holdings in PTC were worth $884,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock valued at $541,450,000 after buying an additional 10,203,410 shares during the period. FMR LLC increased its position in shares of PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock valued at $270,642,000 after buying an additional 2,755,079 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of PTC during the first quarter valued at approximately $130,787,000. Thornburg Investment Management Inc. purchased a new position in shares of PTC during the first quarter valued at approximately $109,170,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock valued at $67,431,000 after buying an additional 1,370,223 shares during the period. 96.40% of the stock is owned by hedge funds and other institutional investors.
Shares of PTC Inc. (NASDAQ PTC) traded up 1.52% during midday trading on Friday, reaching $53.34. 838,848 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $55.82 and its 200 day moving average price is $54.87. PTC Inc. has a 12-month low of $41.14 and a 12-month high of $60.22. The company’s market cap is $6.17 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 earnings per share (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 firm had revenue of $291.92 million for the quarter, compared to the consensus estimate of $290.55 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts anticipate that PTC Inc. will post $1.20 earnings per share for the current fiscal year.
Several brokerages recently issued reports on PTC. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $68.00 price target on shares of PTC in a research report on Thursday, July 20th. Zacks Investment Research cut shares of PTC from a “hold” rating to a “sell” rating in a research report on Saturday, April 22nd. Pacific Crest boosted their price target on shares of PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, June 6th. Benchmark Co. began coverage on shares of PTC in a research report on Thursday, May 18th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Guggenheim reiterated a “neutral” rating and set a $50.00 price target on shares of PTC in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. PTC presently has an average rating of “Buy” and a consensus target price of $62.25.
In other PTC news, VP Staats Aaron C. Von sold 5,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.26, for a total transaction of $317,745.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total transaction of $268,850.00. Following the sale, the director now directly owns 62,300 shares in the company, valued at approximately $3,349,871. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,329 shares of company stock worth $3,588,097. Insiders own 1.11% of the company’s stock.
PTC Company Profile
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.
What are top analysts saying about PTC Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PTC Inc. and related companies.