PTC Inc (PTC) Shares Sold by Advisory Research Inc.

Advisory Research Inc. reduced its stake in shares of PTC Inc (NASDAQ:PTC) by 12.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,608 shares of the technology company’s stock after selling 2,014 shares during the period. Advisory Research Inc.’s holdings in PTC were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fort L.P. purchased a new position in shares of PTC in the second quarter valued at $122,000. Qube Research & Technologies Ltd purchased a new position in shares of PTC in the second quarter valued at $134,000. Almanack Investment Partners LLC. purchased a new position in shares of PTC in the second quarter valued at $150,000. Private Advisor Group LLC purchased a new position in shares of PTC in the third quarter valued at $202,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of PTC in the second quarter valued at $186,000. 92.65% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Andrew Miller sold 46,524 shares of PTC stock in a transaction on Monday, November 19th. The stock was sold at an average price of $85.44, for a total transaction of $3,975,010.56. Following the completion of the sale, the chief financial officer now directly owns 80,769 shares in the company, valued at $6,900,903.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Schechter sold 5,000 shares of PTC 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 sale, the director now owns 66,007 shares of the company’s stock, valued at $5,817,856.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,231 shares of company stock valued at $12,779,065. 1.19% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on PTC. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. cut their target price on shares of PTC to $96.00 in a report on Friday, October 26th. Cowen set a $105.00 target price on shares of PTC and gave the company a “buy” rating in a report on Sunday, October 28th. Finally, Guggenheim began coverage on shares of PTC in a report on Tuesday, August 7th. They issued a “buy” rating and a $115.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $98.63.

Shares of PTC opened at $86.49 on Friday. The firm has a market capitalization of $10.39 billion, a P/E ratio of 96.10, a P/E/G ratio of 2.43 and a beta of 1.54. PTC Inc has a 52-week low of $59.40 and a 52-week high of $107.44. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $312.52 million during the quarter, compared to the consensus estimate of $322.00 million. PTC had a return on equity of 11.97% and a net margin of 4.19%. PTC’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that PTC Inc will post 1.11 earnings per share for the current fiscal year.

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About PTC

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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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