PTC Inc. (PTC) Shares Bought by Retirement Systems of Alabama
Retirement Systems of Alabama increased its position in shares of PTC Inc. (NASDAQ:PTC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,857 shares of the company’s stock after buying an additional 173 shares during the period. Retirement Systems of Alabama’s holdings in PTC were worth $5,556,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in PTC. Goldman Sachs Group Inc. raised its position in shares of PTC by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,360,836 shares of the company’s stock worth $78,286,000 after buying an additional 346,444 shares in the last quarter. AXA raised its position in shares of PTC by 82.9% in the first quarter. AXA now owns 650,645 shares of the company’s stock worth $21,575,000 after buying an additional 294,904 shares in the last quarter. Prudential Financial Inc. raised its position in shares of PTC by 337.0% in the first quarter. Prudential Financial Inc. now owns 369,923 shares of the company’s stock worth $12,266,000 after buying an additional 285,280 shares in the last quarter. Clovis Capital Management LP raised its position in shares of PTC by 49.0% in the first quarter. Clovis Capital Management LP now owns 425,636 shares of the company’s stock worth $14,114,000 after buying an additional 140,047 shares in the last quarter. Finally, HBK Investments L P raised its position in shares of PTC by 151.4% in the first quarter. HBK Investments L P now owns 148,566 shares of the company’s stock worth $4,926,000 after buying an additional 89,466 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.
PTC Inc. (NASDAQ:PTC) traded down 0.13% during midday trading on Thursday, reaching $45.08. The company’s stock had a trading volume of 767,274 shares. The company’s 50-day moving average is $43.93 and its 200 day moving average is $38.88. PTC Inc. has a 12-month low of $27.06 and a 12-month high of $46.91. The firm’s market cap is $5.18 billion.
PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.05. The business had revenue of $289.70 million for the quarter, compared to the consensus estimate of $288.77 million. PTC had a negative net margin of 1.60% and a positive return on equity of 16.92%. PTC’s revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities analysts forecast that PTC Inc. will post $1.34 earnings per share for the current year.
A number of equities analysts have recently issued reports on PTC shares. Evercore ISI started coverage on PTC in a report on Wednesday, September 14th. They issued a “buy” rating and a $50.00 price objective for the company. Citigroup Inc. started coverage on PTC in a report on Monday, August 1st. They issued a “buy” rating and a $48.00 price objective for the company. Brean Capital started coverage on PTC in a report on Friday, October 7th. They issued a “buy” rating for the company. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $52.00 price objective (up from $46.00) on shares of PTC in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.89.
In other news, EVP Matthew Lessner Cohen sold 8,000 shares of PTC stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $42.57, for a total value of $340,560.00. Following the sale, the executive vice president now directly owns 14,607 shares of the company’s stock, valued at $621,819.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Schechter sold 1,248 shares of PTC stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $39.98, for a total value of $49,895.04. Following the completion of the sale, the director now directly owns 61,171 shares in the company, valued at $2,445,616.58. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
PTC Company Profile
PTC Inc develops and delivers technology solutions, which consists of software and services that transform the way the customers create, operate and service their products. The Company has two segments: Software Products and Services. Its Software Products segment includes license and related support revenue (including updates and technical support) for all of its products except training-related products.
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