SG Americas Securities LLC raised its stake in shares of PTC (NASDAQ:PTC) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,803 shares of the technology company’s stock after buying an additional 4,101 shares during the quarter. SG Americas Securities LLC’s holdings in PTC were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in PTC during the 4th quarter valued at approximately $128,000. ING Groep NV purchased a new stake in PTC during the 4th quarter valued at approximately $203,000. US Bancorp DE grew its holdings in PTC by 29.5% during the 4th quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after buying an additional 868 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in PTC during the 4th quarter valued at approximately $258,000. Finally, Dynamic Capital Management Ltd bought a new position in shares of PTC during the 4th quarter valued at approximately $287,000.
A number of research analysts have recently commented on PTC shares. Citigroup increased their target price on PTC to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Evercore ISI reiterated a “buy” rating and set a $85.00 target price on shares of PTC in a research report on Thursday, January 18th. BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Seaport Global Securities reiterated a “buy” rating and set a $83.00 target price on shares of PTC in a research report on Friday, January 19th. Finally, Robert W. Baird reiterated a “buy” rating and set a $83.00 target price on shares of PTC in a research report on Tuesday, March 6th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. PTC presently has an average rating of “Buy” and an average price target of $80.25.
PTC (NASDAQ:PTC) last released its earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share for the quarter, topping 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 business had revenue of $307.88 million during the quarter, compared to the consensus estimate of $302.90 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts anticipate that PTC will post 0.83 earnings per share for the current year.
In other news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $82.37, for a total transaction of $2,059,250.00. Following the completion of the sale, the insider now directly owns 612,529 shares in the company, valued at $50,454,013.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Schechter sold 3,000 shares of PTC stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $85.20, for a total value of $255,600.00. Following the sale, the director now owns 67,207 shares of the company’s stock, valued at $5,726,036.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,278 shares of company stock valued at $11,520,574. Corporate insiders own 1.19% of the company’s stock.
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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