SG Americas Securities LLC increased its stake in PTC Inc. (NASDAQ:PTC) by 107.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,248 shares of the technology company’s stock after buying an additional 24,962 shares during the period. SG Americas Securities LLC’s holdings in PTC were worth $2,659,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in PTC by 22.7% in the first quarter. Canada Pension Plan Investment Board now owns 37,800 shares of the technology company’s stock valued at $1,986,000 after buying an additional 7,000 shares during the period. Oregon Public Employees Retirement Fund increased its stake in PTC by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,529 shares of the technology company’s stock valued at $2,130,000 after buying an additional 600 shares during the period. Emerald Advisers Inc. PA bought a new stake in PTC during the first quarter valued at approximately $917,000. Essex Investment Management Co. LLC increased its stake in PTC by 14.0% in the first quarter. Essex Investment Management Co. LLC now owns 88,551 shares of the technology company’s stock valued at $4,653,000 after buying an additional 10,854 shares during the period. Finally, Welch & Forbes LLC increased its stake in PTC by 1.2% in the first quarter. Welch & Forbes LLC now owns 5,060 shares of the technology company’s stock valued at $266,000 after buying an additional 60 shares during the period. 98.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of PTC Inc. (NASDAQ:PTC) opened at 54.26 on Thursday. PTC Inc. has a one year low of $41.40 and a one year high of $60.22. The stock’s market capitalization is $6.27 billion. The stock has a 50 day moving average price of $55.23 and a 200 day moving average price of $54.94.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. The company had revenue of $291.92 million for the quarter, compared to analyst estimates of $290.55 million. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. PTC’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. Equities analysts forecast that PTC Inc. will post $1.20 earnings per share for the current year.

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Several equities research analysts have commented on the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a $68.00 target price on shares of PTC in a report on Thursday, July 20th. Pacific Crest boosted their target price on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) assumed coverage on PTC in a report on Monday, July 17th. They issued a “neutral” rating and a $62.00 target price on the stock. Barclays PLC restated an “overweight” rating and issued a $65.00 price target (down previously from $67.00) on shares of PTC in a research note on Saturday, July 22nd. Finally, BidaskClub cut PTC from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.47.

In other PTC news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $55.27, for a total value of $1,381,750.00. Following the transaction, the insider now owns 561,022 shares in the company, valued at approximately $31,007,685.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Barry F. Cohen sold 27,374 shares of PTC stock in a transaction on Friday, July 21st. The shares were 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 in the company, 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 worth $3,588,097. 1.02% of the stock is owned by company insiders.

About PTC

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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