Chartwell Investment Partners LLC grew its stake in PTC Inc (NASDAQ:PTC) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,458 shares of the technology company’s stock after purchasing an additional 535 shares during the period. Chartwell Investment Partners LLC’s holdings in PTC were worth $1,425,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of PTC in the 4th quarter valued at approximately $31,000. Pearl River Capital LLC bought a new stake in shares of PTC during the 4th quarter worth approximately $58,000. Penserra Capital Management LLC lifted its stake in shares of PTC by 189.4% during the 4th quarter. Penserra Capital Management LLC now owns 1,366 shares of the technology company’s stock worth $112,000 after acquiring an additional 894 shares during the last quarter. Tributary Capital Management LLC bought a new stake in shares of PTC during the 4th quarter worth approximately $142,000. Finally, HRT Financial LLC bought a new stake in shares of PTC during the 3rd quarter worth approximately $243,000. 91.82% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Matthew Lessner Cohen sold 15,000 shares of PTC stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $86.56, for a total value of $1,298,400.00. Following the transaction, the executive vice president now directly owns 47,934 shares in the company, valued at approximately $4,149,167.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen Mitford sold 815 shares of PTC stock in a transaction on Monday, March 18th. The shares were sold at an average price of $91.47, for a total value of $74,548.05. Following the completion of the transaction, the executive vice president now owns 14,271 shares in the company, valued at $1,305,368.37. The disclosure for this sale can be found here. Insiders sold a total of 154,127 shares of company stock worth $13,548,383 over the last quarter. Company insiders own 9.91% of the company’s stock.

A number of equities research analysts recently issued reports on PTC shares. Wedbush decreased their price target on PTC from $108.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, January 24th. Zacks Investment Research lowered PTC from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. BidaskClub lowered PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. TheStreet raised PTC from a “c+” rating to a “b-” rating in a research note on Monday, February 25th. Finally, Barclays reissued a “buy” rating and set a $104.00 price target on shares of PTC in a research note on Friday, January 25th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. PTC has an average rating of “Buy” and a consensus price target of $104.18.

PTC opened at $97.99 on Tuesday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 108.88, a PEG ratio of 2.59 and a beta of 1.25. PTC Inc has a 52 week low of $76.67 and a 52 week high of $107.44. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $334.96 million for the quarter, compared to the consensus estimate of $324.70 million. PTC had a return on equity of 12.70% and a net margin of 4.65%. PTC’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, equities research analysts forecast that PTC Inc will post 1.07 EPS for the current fiscal year.

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About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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