Citigroup Inc. grew its holdings in PTC Inc. (NASDAQ:PTC – Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,266 shares of the technology company’s stock after acquiring an additional 2,989 shares during the period. Citigroup Inc.’s holdings in PTC were worth $6,574,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in shares of PTC by 28.1% in the first quarter. Guggenheim Capital LLC now owns 12,283 shares of the technology company’s stock worth $1,575,000 after buying an additional 2,697 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in PTC by 4.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 51,929 shares of the technology company’s stock worth $6,657,000 after purchasing an additional 2,194 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of PTC by 29.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,496 shares of the technology company’s stock worth $833,000 after purchasing an additional 1,464 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of PTC by 27.4% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,417 shares of the technology company’s stock valued at $310,000 after purchasing an additional 520 shares in the last quarter. Finally, North Star Asset Management Inc. lifted its stake in shares of PTC by 2.1% in the 1st quarter. North Star Asset Management Inc. now owns 139,500 shares of the technology company’s stock valued at $17,888,000 after purchasing an additional 2,904 shares during the period. Institutional investors and hedge funds own 92.23% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on PTC shares. Robert W. Baird raised their price target on shares of PTC from $168.00 to $173.00 in a research report on Monday, July 17th. StockNews.com began coverage on PTC in a research report on Thursday, August 17th. They set a “hold” rating on the stock. BMO Capital Markets assumed coverage on PTC in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $166.00 price target for the company. Rosenblatt Securities increased their price target on PTC from $148.00 to $159.00 in a research report on Thursday, July 27th. Finally, Mizuho raised their price objective on PTC from $170.00 to $180.00 in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.92.
PTC Trading Up 0.5 %
Shares of PTC stock opened at $147.17 on Friday. PTC Inc. has a fifty-two week low of $101.82 and a fifty-two week high of $152.09. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s fifty day moving average is $143.03 and its two-hundred day moving average is $133.88. The firm has a market capitalization of $17.49 billion, a P/E ratio of 57.26, a PEG ratio of 3.86 and a beta of 1.19.
PTC (NASDAQ:PTC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.04). The business had revenue of $542.34 million during the quarter, compared to analysts’ expectations of $530.35 million. PTC had a return on equity of 15.41% and a net margin of 14.90%. Research analysts expect that PTC Inc. will post 2.94 earnings per share for the current fiscal year.
Insider Activity at PTC
In related news, Director Paul A. Lacy sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the director now directly owns 24,136 shares in the company, valued at $3,379,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Catherine Kniker sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now directly owns 10,114 shares in the company, valued at $1,415,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul A. Lacy sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the director now directly owns 24,136 shares of the company’s stock, valued at approximately $3,379,040. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,300 shares of company stock valued at $1,912,040. 8.26% of the stock is currently owned by insiders.
PTC Company Profile
PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.
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