Mason Street Advisors LLC Has $5.23 Million Stake in PTC Inc (PTC)

Mason Street Advisors LLC grew its position in PTC Inc (NASDAQ:PTC) by 1.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 56,775 shares of the technology company’s stock after purchasing an additional 829 shares during the quarter. Mason Street Advisors LLC’s holdings in PTC were worth $5,234,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PTC. Riverview Trust Co bought a new stake in PTC during the 4th quarter worth approximately $31,000. Pearl River Capital LLC bought a new stake in PTC during the 4th quarter worth approximately $58,000. First Manhattan Co. bought a new stake in PTC during the 1st quarter worth approximately $92,000. Penserra Capital Management LLC grew its holdings in PTC by 189.4% during the 4th quarter. Penserra Capital Management LLC now owns 1,366 shares of the technology company’s stock worth $112,000 after acquiring an additional 894 shares during the last quarter. Finally, Tributary Capital Management LLC bought a new stake in PTC during the 4th quarter worth approximately $142,000. Institutional investors own 91.56% of the company’s stock.

A number of research firms have weighed in on PTC. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays reissued a “buy” rating and set a $104.00 target price on shares of PTC in a report on Friday, January 25th. Zacks Investment Research lowered shares of PTC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 30th. Wedbush reduced their target price on shares of PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, January 24th. Finally, Evercore ISI reissued a “buy” rating and set a $110.00 target price on shares of PTC in a report on Sunday, April 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. PTC currently has a consensus rating of “Buy” and an average target price of $103.88.

In other news, CFO Andrew Miller sold 44,462 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $93.31, for a total value of $4,148,749.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James E. Heppelmann sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,487 shares of company stock worth $6,322,997. Insiders own 9.91% of the company’s stock.

NASDAQ:PTC opened at $86.84 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.32. PTC Inc has a 52 week low of $76.67 and a 52 week high of $107.44. The firm has a market capitalization of $9.99 billion, a PE ratio of 96.49, a PEG ratio of 2.67 and a beta of 1.21.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. PTC had a net margin of 3.06% and a return on equity of 11.68%. The company had revenue of $315.50 million for the quarter, compared to analyst estimates of $312.29 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that PTC Inc will post 1.03 earnings per share for the current year.

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About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Read More: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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