Sei Investments Co. Raises Stake in PTC Inc. (PTC)
Sei Investments Co. boosted its position in PTC Inc. (NASDAQ:PTC) by 15.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,650 shares of the technology company’s stock after buying an additional 19,109 shares during the period. Sei Investments Co.’s holdings in PTC were worth $7,753,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of PTC. Toronto Dominion Bank raised its stake in PTC by 10.0% in the first quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock worth $130,000 after buying an additional 225 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new stake in PTC during the first quarter worth $132,000. US Bancorp DE raised its stake in PTC by 56.2% in the second quarter. US Bancorp DE now owns 2,604 shares of the technology company’s stock worth $144,000 after buying an additional 937 shares during the period. First Mercantile Trust Co. bought a new stake in PTC during the first quarter worth $177,000. Finally, Flinton Capital Management LLC raised its stake in PTC by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,456 shares of the technology company’s stock worth $182,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 98.40% of the company’s stock.
PTC Inc. (NASDAQ PTC) opened at 53.34 on Monday. PTC Inc. has a 52-week low of $41.14 and a 52-week high of $60.22. The firm’s 50-day moving average price is $55.82 and its 200-day moving average price is $54.87. The company’s market cap is $6.17 billion.
PTC (NASDAQ:PTC) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts anticipate that PTC Inc. will post $1.20 EPS for the current year.
A number of research firms have recently weighed in on PTC. Barclays PLC reissued an “overweight” rating and issued a $65.00 target price (down previously from $67.00) on shares of PTC in a research note on Saturday, July 22nd. J P Morgan Chase & Co reissued an “overweight” rating and issued a $68.00 target price on shares of PTC in a research note on Thursday, July 20th. Pacific Crest boosted their target price on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Griffin Securities boosted their target price on PTC from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Finally, Benchmark Co. began coverage on PTC in a research note on Thursday, May 18th. They issued a “buy” rating and a $65.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.25.
In other PTC news, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the transaction, the director now owns 62,300 shares in the company, valued at $3,349,871. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Barry F. Cohen sold 27,374 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the completion of the transaction, the executive vice president now owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,329 shares of company stock valued at $3,588,097. Insiders own 1.02% of the company’s stock.
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.
Want to see what other hedge funds are holding PTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PTC Inc. (NASDAQ:PTC).
Receive News & Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.