University of Notre Dame DU Lac lessened its stake in PTC Inc (NASDAQ:PTC) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,330 shares of the technology company’s stock after selling 6,717 shares during the period. PTC accounts for approximately 1.9% of University of Notre Dame DU Lac’s portfolio, making the stock its 10th largest position. University of Notre Dame DU Lac owned approximately 0.08% of PTC worth $10,229,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PTC. Millennium Management LLC boosted its stake in PTC by 225.6% in the second quarter. Millennium Management LLC now owns 1,038,404 shares of the technology company’s stock valued at $97,413,000 after acquiring an additional 719,478 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of PTC in the third quarter valued at about $67,055,000. Franklin Resources Inc. raised its holdings in shares of PTC by 507.1% in the third quarter. Franklin Resources Inc. now owns 603,002 shares of the technology company’s stock valued at $64,033,000 after buying an additional 503,682 shares during the last quarter. Ownership Capital B.V. purchased a new stake in shares of PTC in the third quarter valued at about $45,745,000. Finally, First Trust Advisors LP raised its holdings in shares of PTC by 1,157.4% in the second quarter. First Trust Advisors LP now owns 362,419 shares of the technology company’s stock valued at $33,999,000 after buying an additional 333,595 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.
PTC has been the subject of a number of research reports. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. JPMorgan Chase & Co. reduced 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 initiated 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 investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.63.
Shares of PTC stock opened at $89.71 on Tuesday. PTC Inc has a 12-month low of $59.40 and a 12-month high of $107.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 99.67, a P/E/G ratio of 2.40 and a beta of 1.50.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. PTC had a net margin of 4.19% and a return on equity of 11.97%. The company had revenue of $312.52 million during the quarter, compared to analysts’ expectations of $322.00 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that PTC Inc will post 1.11 earnings per share for the current year.
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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