Oppenheimer Asset Management Inc. increased its holdings in shares of PTC Inc. (NASDAQ:PTC) by 14.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,243 shares of the technology company’s stock after purchasing an additional 1,026 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PTC were worth $454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky boosted its stake in shares of PTC by 28.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 307,549 shares of the technology company’s stock valued at $16,162,000 after purchasing an additional 67,926 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of PTC by 20.9% during the second quarter. Eagle Asset Management Inc. now owns 2,490,631 shares of the technology company’s stock valued at $137,283,000 after purchasing an additional 430,379 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of PTC by 70.6% during the second quarter. BNP Paribas Arbitrage SA now owns 43,611 shares of the technology company’s stock valued at $2,404,000 after purchasing an additional 18,048 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of PTC during the first quarter valued at approximately $2,899,000. Finally, Wellington Management Group LLP boosted its stake in shares of PTC by 213.5% during the first quarter. Wellington Management Group LLP now owns 1,472,849 shares of the technology company’s stock valued at $77,397,000 after purchasing an additional 1,003,004 shares in the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.

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Shares of PTC Inc. (PTC) opened at 54.65 on Friday. PTC Inc. has a 1-year low of $43.01 and a 1-year high of $60.22. The firm’s market capitalization is $6.32 billion. The stock’s 50 day moving average is $54.68 and its 200 day moving average is $55.05.

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

In other news, EVP Anthony Dibona sold 2,205 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $55.88, for a total value of $123,215.40. Following the completion of the transaction, the executive vice president now owns 22,228 shares in the company, valued at approximately $1,242,100.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Donald K. Grierson sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total transaction of $268,850.00. Following the completion of the transaction, the director now owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,329 shares of company stock valued at $3,588,097. Company insiders own 1.11% of the company’s stock.

Several equities research analysts have weighed in on PTC shares. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of PTC in a research note on Monday, September 4th. Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of PTC in a research note on Thursday, August 31st. Evercore ISI set a $65.00 target price on shares of PTC and gave the company a “buy” rating in a research note on Monday, August 28th. Berenberg Bank started coverage on shares of PTC in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $66.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of PTC in a research note on Monday, July 17th. They issued a “neutral” rating and a $62.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $62.65.

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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