PTC Inc (PTC) Holdings Trimmed by Raymond James & Associates

Raymond James & Associates reduced its holdings in shares of PTC Inc (NASDAQ:PTC) by 3.2% in the first quarter, HoldingsChannel.com reports. The fund owned 184,522 shares of the technology company’s stock after selling 6,188 shares during the quarter. Raymond James & Associates’ holdings in PTC were worth $17,009,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PTC. Pendal Group Ltd grew its stake in shares of PTC by 3.4% in the 4th quarter. Pendal Group Ltd now owns 5,349 shares of the technology company’s stock valued at $443,000 after buying an additional 177 shares during the period. M&T Bank Corp grew its stake in shares of PTC by 3.6% in the 4th quarter. M&T Bank Corp now owns 5,110 shares of the technology company’s stock valued at $423,000 after buying an additional 179 shares during the period. Campbell Newman Asset Management Inc. grew its stake in shares of PTC by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 7,327 shares of the technology company’s stock valued at $675,000 after buying an additional 180 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of PTC by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,837 shares of the technology company’s stock valued at $236,000 after buying an additional 195 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in shares of PTC by 0.3% in the 4th quarter. MetLife Investment Advisors LLC now owns 65,142 shares of the technology company’s stock valued at $5,400,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 93.65% of the company’s stock.

In other PTC news, Director Donald K. Grierson sold 5,000 shares of PTC stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $93.31, for a total transaction of $466,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Miller sold 44,462 shares of PTC stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $93.31, for a total transaction of $4,148,749.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,487 shares of company stock worth $6,322,997. Insiders own 9.91% of the company’s stock.

Shares of NASDAQ PTC opened at $86.52 on Thursday. PTC Inc has a fifty-two week low of $76.67 and a fifty-two week high of $107.44. The stock has a market capitalization of $9.82 billion, a P/E ratio of 96.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.21. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $315.50 million for the quarter, compared to analysts’ expectations of $312.29 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that PTC Inc will post 1.05 earnings per share for the current year.

Several brokerages recently weighed in on PTC. BidaskClub raised shares of PTC from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays reaffirmed a “buy” rating and issued a $104.00 price target on shares of PTC in a research report on Friday, January 25th. Zacks Investment Research cut shares of PTC from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Wedbush dropped their price target on shares of PTC from $108.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, January 24th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $110.00 price target on shares of PTC in a research report on Sunday, April 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.88.

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PTC Company Profile

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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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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