PTC Inc (NASDAQ:PTC) Shares Purchased by Marshall Wace North America L.P.

Marshall Wace North America L.P. increased its position in shares of PTC Inc (NASDAQ:PTC) by 36.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,995,589 shares of the technology company’s stock after purchasing an additional 530,204 shares during the period. PTC accounts for approximately 1.1% of Marshall Wace North America L.P.’s portfolio, making the stock its 19th largest position. Marshall Wace North America L.P. owned 1.73% of PTC worth $179,124,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PTC. Invesco Ltd. grew its stake in shares of PTC by 631.4% during the second quarter. Invesco Ltd. now owns 1,500,604 shares of the technology company’s stock worth $134,694,000 after purchasing an additional 1,295,423 shares in the last quarter. BlackRock Inc. lifted its position in PTC by 9.3% in the first quarter. BlackRock Inc. now owns 12,536,242 shares of the technology company’s stock valued at $1,155,590,000 after acquiring an additional 1,064,149 shares during the last quarter. Senator Investment Group LP purchased a new stake in PTC in the second quarter valued at $80,784,000. Pictet Asset Management Ltd. lifted its position in PTC by 85.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,250,885 shares of the technology company’s stock valued at $112,279,000 after acquiring an additional 576,967 shares during the last quarter. Finally, OZ Management LP lifted its position in PTC by 23.2% in the first quarter. OZ Management LP now owns 2,586,970 shares of the technology company’s stock valued at $238,467,000 after acquiring an additional 487,739 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

PTC has been the subject of a number of research reports. Stifel Nicolaus cut shares of PTC from a “buy” rating to a “hold” rating and reduced their price target for the company from $105.00 to $84.00 in a research report on Thursday, July 25th. Zacks Investment Research cut shares of PTC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Wedbush reduced their price target on shares of PTC from $90.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Rosenblatt Securities initiated coverage on shares of PTC in a research report on Wednesday, August 21st. They issued a “buy” rating and a $83.00 price target for the company. Finally, BidaskClub raised shares of PTC from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $92.13.

In other PTC news, EVP Matthew Lessner Cohen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at $2,310,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Corinna Lathan sold 843 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $64.48, for a total transaction of $54,356.64. The disclosure for this sale can be found here. Insiders have sold 19,593 shares of company stock valued at $1,569,634 over the last three months. 9.91% of the stock is currently owned by corporate insiders.

NASDAQ PTC traded down $0.39 during trading hours on Wednesday, hitting $67.07. 12,656 shares of the stock were exchanged, compared to its average volume of 1,022,494. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 74.72 and a beta of 1.14. PTC Inc has a 12-month low of $62.05 and a 12-month high of $107.44. The stock has a 50-day moving average of $66.18 and a 200 day moving average of $83.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.57.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.18. The firm had revenue of $322.40 million during the quarter, compared to analysts’ expectations of $322.42 million. PTC had a net margin of 2.63% and a return on equity of 10.44%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. On average, equities research analysts expect that PTC Inc will post 1.09 earnings per share for the current year.

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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