Mesirow Financial Investment Management Equity Management cut its stake in shares of PTC Inc. (NASDAQ:PTC) by 23.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,840 shares of the technology company’s stock after selling 5,920 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in PTC were worth $1,037,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. acquired a new stake in shares of PTC during the second quarter valued at about $31,092,000. Palisade Capital Management LLC NJ increased its stake in shares of PTC by 2.5% in the second quarter. Palisade Capital Management LLC NJ now owns 329,231 shares of the technology company’s stock valued at $18,147,000 after buying an additional 7,897 shares in the last quarter. Tdam USA Inc. increased its stake in shares of PTC by 10.2% in the second quarter. Tdam USA Inc. now owns 44,652 shares of the technology company’s stock valued at $2,461,000 after buying an additional 4,115 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of PTC by 6.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 85,617 shares of the technology company’s stock valued at $4,719,000 after buying an additional 5,096 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of PTC by 15.7% in the second quarter. Sei Investments Co. now owns 140,650 shares of the technology company’s stock valued at $7,753,000 after buying an additional 19,109 shares in the last quarter. 96.40% of the stock is owned by institutional investors.

PTC Inc. (PTC) opened at 53.84 on Thursday. The company’s market cap is $6.22 billion. The firm’s 50-day moving average price is $56.08 and its 200 day moving average price is $54.86. PTC Inc. has a 52-week low of $41.08 and a 52-week high of $60.22.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The firm had revenue of $291.92 million for the quarter, compared to analysts’ expectations of $290.55 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts predict that PTC Inc. will post $1.20 EPS for the current fiscal year.

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Several equities research analysts have issued reports on PTC shares. Wedbush raised their price target on PTC from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. Robert W. Baird started coverage on PTC in a report on Wednesday, May 10th. They set an “outperform” rating and a $65.00 price target for the company. Barclays PLC raised their price target on PTC from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Guggenheim started coverage on PTC in a report on Wednesday, April 12th. They set a “neutral” rating and a $50.00 price target for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded PTC from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. PTC currently has an average rating of “Buy” and an average price target of $62.25.

In other news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total transaction of $268,850.00. Following the transaction, the director now owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barry F. Cohen sold 27,374 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $54.67, for a total value of $1,496,536.58. Following the transaction, the executive vice president now directly owns 79,729 shares in the company, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. Insiders have sold a total of 65,329 shares of company stock worth $3,588,097 in the last ninety days. Insiders own 1.11% of the company’s stock.

PTC Company Profile

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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