Robeco Institutional Asset Management B.V. Has $255,000 Position in PTC Inc (PTC)

Robeco Institutional Asset Management B.V. decreased its stake in shares of PTC Inc (NASDAQ:PTC) by 97.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,200 shares of the technology company’s stock after selling 146,630 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PTC were worth $255,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PTC. Tributary Capital Management LLC purchased a new position in PTC in the third quarter worth $109,000. Cerebellum GP LLC purchased a new position in PTC in the fourth quarter worth $128,000. Advisor Group Inc. boosted its position in PTC by 7.4% in the second quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock worth $150,000 after purchasing an additional 186 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in PTC by 85.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in PTC in the third quarter worth $218,000. 97.98% of the stock is currently owned by institutional investors.

PTC Inc (NASDAQ PTC) opened at $67.69 on Friday. PTC Inc has a 1 year low of $50.68 and a 1 year high of $74.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $8,099.21, a price-to-earnings ratio of 100.94, a PEG ratio of 2.49 and a beta of 1.49.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The firm had revenue of $306.44 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that PTC Inc will post 0.78 earnings per share for the current fiscal year.

In related news, VP Staats Aaron C. Von sold 9,947 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.67, for a total transaction of $643,272.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $1,614,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,260 shares of company stock worth $5,501,295. 1.19% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. Zacks Investment Research cut PTC from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Seaport Global Securities reaffirmed a “buy” rating and set a $83.00 price target on shares of PTC in a research report on Friday, January 19th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of PTC in a research report on Monday. Finally, Evercore ISI reaffirmed a “buy” rating and set a $85.00 price target on shares of PTC in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $70.81.

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PTC 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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