RMB Capital Management LLC Boosts Holdings in PTC Inc (NASDAQ:PTC)

RMB Capital Management LLC lifted its holdings in PTC Inc (NASDAQ:PTC) by 17.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 372,964 shares of the technology company’s stock after purchasing an additional 55,124 shares during the period. PTC comprises approximately 0.8% of RMB Capital Management LLC’s holdings, making the stock its 7th biggest position. RMB Capital Management LLC owned approximately 0.32% of PTC worth $33,477,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in PTC by 4.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock worth $248,000 after acquiring an additional 112 shares during the period. O Shaughnessy Asset Management LLC raised its stake in PTC by 1.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,355 shares of the technology company’s stock worth $951,000 after acquiring an additional 139 shares during the period. Optimum Investment Advisors raised its stake in PTC by 7.7% during the 2nd quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock worth $251,000 after acquiring an additional 200 shares during the period. Tiverton Asset Management LLC raised its stake in PTC by 8.5% during the 2nd quarter. Tiverton Asset Management LLC now owns 2,794 shares of the technology company’s stock worth $251,000 after acquiring an additional 219 shares during the period. Finally, Magnus Financial Group LLC raised its stake in PTC by 8.1% during the 1st quarter. Magnus Financial Group LLC now owns 3,489 shares of the technology company’s stock worth $322,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 91.75% of the company’s stock.

In related news, Director Corinna Lathan sold 843 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $64.48, for a total value of $54,356.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now directly owns 49,797 shares of the company’s stock, valued at $3,364,783.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,793 shares of company stock valued at $1,586,532. Insiders own 9.91% of the company’s stock.

PTC traded up $0.26 during trading on Friday, reaching $66.66. 41,832 shares of the company traded hands, compared to its average volume of 1,046,815. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25. PTC Inc has a 12-month low of $62.05 and a 12-month high of $107.44. The firm has a fifty day simple moving average of $67.20 and a 200 day simple moving average of $84.59. The company has a market cap of $7.72 billion, a P/E ratio of 74.06, a PEG ratio of 1.99 and a beta of 1.14.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 10.44%. The business had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that PTC Inc will post 1.09 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Royal Bank of Canada cut shares of PTC from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $110.00 to $85.00 in a research note on Thursday, July 25th. Mizuho decreased their target price on shares of PTC from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Griffin Securities cut shares of PTC from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus cut shares of PTC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $84.00 in a research note on Thursday, July 25th. Finally, Wedbush decreased their target price on shares of PTC from $90.00 to $71.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.13.

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.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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