PTC Inc. (PTC) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of PTC Inc. (NASDAQ:PTC) by 90.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,700 shares of the technology company’s stock after selling 438,400 shares during the period. Royce & Associates LP’s holdings in PTC were worth $2,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in PTC by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 114,648 shares of the technology company’s stock worth $6,024,000 after purchasing an additional 7,700 shares during the period. Canada Pension Plan Investment Board boosted its position in PTC by 22.7% during the first quarter. Canada Pension Plan Investment Board now owns 37,800 shares of the technology company’s stock worth $1,986,000 after purchasing an additional 7,000 shares during the period. Great West Life Assurance Co. Can boosted its position in PTC by 3.8% during the first quarter. Great West Life Assurance Co. Can now owns 68,634 shares of the technology company’s stock worth $3,605,000 after purchasing an additional 2,536 shares during the period. State Board of Administration of Florida Retirement System boosted its position in PTC by 0.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 111,337 shares of the technology company’s stock worth $5,851,000 after purchasing an additional 411 shares during the period. Finally, Flinton Capital Management LLC boosted its position in PTC by 9.1% during the first quarter. Flinton Capital Management LLC now owns 3,456 shares of the technology company’s stock worth $182,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 98.15% of the company’s stock.

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PTC Inc. (NASDAQ:PTC) opened at 56.05 on Tuesday. PTC Inc. has a 52-week low of $42.91 and a 52-week high of $60.22. The stock has a 50 day moving average of $54.65 and a 200-day moving average of $55.03. The company’s market capitalization is $6.48 billion.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, equities research analysts anticipate that PTC Inc. will post $1.20 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 target price on shares of PTC in a research report on Monday, September 4th. Robert W. Baird reiterated a “buy” rating and set a $65.00 target price on shares of PTC in a research report on Thursday, August 31st. Evercore ISI set a $65.00 target price on shares of PTC and gave the stock a “buy” rating in a research report on Monday, August 28th. Berenberg Bank assumed coverage on shares of PTC in a research report on Wednesday, August 23rd. They set a “buy” rating and a $66.00 target price for the company. Finally, BidaskClub lowered shares of PTC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. PTC currently has an average rating of “Buy” and an average target price of $62.65.

In related news, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the sale, the director now directly owns 62,300 shares in the company, valued at $3,349,871. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Anthony Dibona sold 2,205 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $55.88, for a total value of $123,215.40. Following the completion of the sale, the executive vice president now owns 22,228 shares of the company’s stock, valued at $1,242,100.64. The disclosure for this sale can be found here. Insiders have sold a total of 65,329 shares of company stock valued at $3,588,097 over the last quarter. Corporate insiders own 1.02% of the company’s stock.

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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