Eagle Asset Management Inc. grew its position in PTC (NASDAQ:PTC) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,561,330 shares of the technology company’s stock after purchasing an additional 13,647 shares during the period. PTC makes up approximately 1.1% of Eagle Asset Management Inc.’s investment portfolio, making the stock its 5th largest holding. Eagle Asset Management Inc. owned 2.22% of PTC worth $199,809,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Carillon Tower Advisers Inc. acquired a new stake in shares of PTC in the fourth quarter valued at about $114,935,000. Renaissance Technologies LLC increased its position in shares of PTC by 441.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,088,600 shares of the technology company’s stock valued at $66,154,000 after acquiring an additional 887,400 shares during the last quarter. Deutsche Bank AG increased its position in shares of PTC by 114.3% in the fourth quarter. Deutsche Bank AG now owns 722,059 shares of the technology company’s stock valued at $43,876,000 after acquiring an additional 385,198 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of PTC by 32.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,438,819 shares of the technology company’s stock valued at $87,437,000 after acquiring an additional 349,609 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of PTC by 434.2% in the first quarter. Prudential Financial Inc. now owns 393,323 shares of the technology company’s stock valued at $30,683,000 after acquiring an additional 319,700 shares during the last quarter.
In other news, VP Staats Aaron C. Von sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $73.76, for a total value of $553,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Schechter sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $85.20, for a total value of $255,600.00. Following the completion of the transaction, the director now directly owns 67,207 shares in the company, valued at approximately $5,726,036.40. The disclosure for this sale can be found here. Insiders sold 138,278 shares of company stock worth $11,520,574 in the last ninety days. 1.19% of the stock is owned by company insiders.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 18th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. PTC had a return on equity of 10.04% and a net margin of 3.16%. The company had revenue of $307.88 million for the quarter, compared to the consensus estimate of $302.90 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. analysts anticipate that PTC will post 0.83 earnings per share for the current fiscal year.
A number of analysts recently issued reports on PTC shares. Zacks Investment Research downgraded PTC from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Royal Bank of Canada lifted their target price on PTC to $80.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. BidaskClub raised PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. Citigroup boosted their price target on PTC to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Barclays boosted their price target on PTC from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $80.25.
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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