Asahi Life Asset Management CO. LTD. lowered its stake in shares of PTC Inc (NASDAQ:PTC) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,840 shares of the technology company’s stock after selling 270 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in PTC were worth $446,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in PTC in the 4th quarter worth about $31,000. Oregon Public Employees Retirement Fund boosted its stake in PTC by 8,190.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after buying an additional 3,455,607 shares during the last quarter. Pearl River Capital LLC acquired a new stake in PTC in the 4th quarter worth about $58,000. Mondrian Capital Management LLC acquired a new stake in PTC in the 4th quarter worth about $83,000. Finally, First Manhattan Co. acquired a new stake in PTC in the 1st quarter worth about $92,000. 91.56% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.31, for a total transaction of $466,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew Miller sold 44,462 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $93.31, for a total value of $4,148,749.22. The disclosure for this sale can be found here. Insiders have sold a total of 68,487 shares of company stock worth $6,322,997 in the last ninety days. 9.91% of the stock is owned by company insiders.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. PTC had a return on equity of 11.68% and a net margin of 3.06%. The business had revenue of $315.50 million for the quarter, compared to the consensus estimate of $312.29 million. During the same period last year, the business posted $0.34 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that PTC Inc will post 1.03 earnings per share for the current year.
PTC has been the topic of a number of research analyst reports. Wedbush decreased their price target on PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, January 24th. Zacks Investment Research lowered PTC from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TheStreet upgraded PTC from a “c+” rating to a “b-” rating in a report on Monday, February 25th. Finally, Barclays restated a “buy” rating and issued a $104.00 price objective on shares of PTC in a report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. PTC has an average rating of “Buy” and a consensus target price of $103.88.
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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.
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