PTC Inc (PTC) Holdings Cut by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. reduced its position in shares of PTC Inc (NASDAQ:PTC) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,884 shares of the technology company’s stock after selling 12,940 shares during the quarter. PTC accounts for 1.9% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 25th biggest holding. Capital Investment Services of America Inc.’s holdings in PTC were worth $12,147,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PTC. Schwab Charles Investment Management Inc. grew its holdings in shares of PTC by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 579,786 shares of the technology company’s stock valued at $31,958,000 after acquiring an additional 7,852 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PTC by 6.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,092 shares of the technology company’s stock valued at $226,000 after acquiring an additional 247 shares in the last quarter. Commerce Bank grew its holdings in shares of PTC by 5.6% during the 2nd quarter. Commerce Bank now owns 5,700 shares of the technology company’s stock valued at $314,000 after acquiring an additional 300 shares in the last quarter. Pacad Investment Ltd. bought a new stake in PTC in the second quarter worth $226,000. Finally, Swiss National Bank boosted its holdings in PTC by 0.8% in the second quarter. Swiss National Bank now owns 192,800 shares of the technology company’s stock worth $10,627,000 after purchasing an additional 1,600 shares in the last quarter. 99.88% of the stock is currently owned by institutional investors.

In other news, Director Robert Schechter sold 1,128 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $66.88, for a total transaction of $75,440.64. Following the sale, the director now directly owns 64,826 shares of the company’s stock, valued at $4,335,562.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul A. Lacy sold 4,000 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $65.81, for a total transaction of $263,240.00. Following the sale, the director now directly owns 61,486 shares in the company, valued at $4,046,393.66. The disclosure for this sale can be found here. Insiders have sold 55,924 shares of company stock worth $3,627,304 over the last ninety days. Insiders own 1.02% of the company’s stock.

A number of brokerages recently issued reports on PTC. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price objective on shares of PTC in a report on Thursday, January 4th. BidaskClub raised shares of PTC from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. JPMorgan Chase & Co. lowered shares of PTC from an “overweight” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Tuesday, December 12th. Wedbush reissued an “outperform” rating and set a $69.00 target price on shares of PTC in a research report on Tuesday, November 14th. Finally, Bank of America initiated coverage on shares of PTC in a research report on Monday, November 6th. They set an “underperform” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.31.

PTC Inc (PTC) traded up $0.75 during trading hours on Tuesday, reaching $64.40. 760,100 shares of the company traded hands, compared to its average volume of 853,860. PTC Inc has a 52-week low of $46.87 and a 52-week high of $67.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $7,480.00, a price-to-earnings ratio of 1,610.00 and a beta of 1.34.

PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $306.38 million for the quarter, compared to the consensus estimate of $306.59 million. PTC had a return on equity of 8.08% and a net margin of 0.54%. PTC’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. equities research analysts expect that PTC Inc will post 0.81 earnings per share for the current fiscal year.

PTC declared that its Board of Directors has initiated a share repurchase plan on Tuesday, September 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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