Stephens Investment Management Group LLC bought a new position in shares of PTC Inc. (NASDAQ:PTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 247,651 shares of the technology company’s stock, valued at approximately $13,651,000. Stephens Investment Management Group LLC owned approximately 0.21% of PTC as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in PTC by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 114,648 shares of the technology company’s stock worth $6,024,000 after buying an additional 7,700 shares during the period. Canada Pension Plan Investment Board increased its position in PTC by 22.7% during the first quarter. Canada Pension Plan Investment Board now owns 37,800 shares of the technology company’s stock worth $1,986,000 after buying an additional 7,000 shares during the period. Great West Life Assurance Co. Can increased its position in PTC by 3.8% during the first quarter. Great West Life Assurance Co. Can now owns 68,634 shares of the technology company’s stock worth $3,605,000 after buying an additional 2,536 shares during the period. State Board of Administration of Florida Retirement System increased its position in PTC by 0.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 111,337 shares of the technology company’s stock worth $5,851,000 after buying an additional 411 shares during the period. Finally, Flinton Capital Management LLC increased its position in PTC by 9.1% during 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. 98.15% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on PTC shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $68.00 price target on shares of PTC in a research report on Thursday, July 20th. Pacific Crest lifted their price target on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Benchmark Co. started coverage on PTC in a research report on Thursday, May 18th. They set a “buy” rating and a $65.00 price target on the stock. Goldman Sachs Group, Inc. (The) started coverage on PTC in a research report on Monday, July 17th. They set a “neutral” rating and a $62.00 price target on the stock. Finally, Evercore ISI set a $65.00 price target on PTC and gave the stock a “buy” rating in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $62.65.

In related news, EVP Anthony Dibona sold 2,205 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $55.88, for a total value of $123,215.40. Following the sale, the executive vice president now directly owns 22,228 shares in the company, valued at approximately $1,242,100.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Barry F. Cohen sold 27,374 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 79,729 shares in the company, valued at $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 over the last quarter. Insiders own 1.02% of the company’s stock.

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Shares of PTC Inc. (NASDAQ PTC) traded down 0.69% on Wednesday, hitting $55.88. The company’s stock had a trading volume of 33,858 shares. PTC Inc. has a 1-year low of $42.91 and a 1-year high of $60.22. The firm’s market cap is $6.46 billion. The company has a 50 day moving average of $54.69 and a 200 day moving average of $55.04.

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, hitting analysts’ consensus estimates of $0.28. The business had revenue of $291.92 million for the quarter, compared to analysts’ expectations of $290.55 million. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts forecast that PTC Inc. will post $1.20 EPS for the current year.

PTC 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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