Capital Investment Services of America Inc. raised its position in shares of PTC Inc (NASDAQ:PTC) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 210,416 shares of the technology company’s stock after purchasing an additional 30,425 shares during the quarter. PTC accounts for approximately 2.1% of Capital Investment Services of America Inc.’s holdings, making the stock its 25th biggest position. Capital Investment Services of America Inc. owned about 0.18% of PTC worth $14,346,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PTC. Qube Research & Technologies Ltd purchased a new position in shares of PTC during the 2nd quarter valued at about $328,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in PTC by 11.9% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,262 shares of the technology company’s stock worth $1,729,000 after purchasing an additional 2,052 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in PTC by 4.9% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 430,000 shares of the technology company’s stock worth $38,597,000 after purchasing an additional 20,000 shares in the last quarter. Cleararc Capital Inc. purchased a new position in PTC in the 1st quarter worth approximately $252,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in PTC by 44.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 7,307 shares of the technology company’s stock worth $656,000 after purchasing an additional 2,261 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
A number of research firms recently commented on PTC. Griffin Securities cut PTC from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Bank of America reissued an “underperform” rating and issued a $65.00 price target (down from $80.00) on shares of PTC in a report on Thursday, July 25th. Barclays lowered their price target on PTC from $96.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday. Guggenheim downgraded PTC from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, Wedbush reduced their price objective on PTC from $90.00 to $71.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. PTC presently has an average rating of “Hold” and a consensus target price of $90.06.
NASDAQ:PTC traded up $1.47 during trading hours on Friday, reaching $64.46. The stock had a trading volume of 1,529,463 shares, compared to its average volume of 1,165,313. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.25 and a current ratio of 1.25. PTC Inc has a 52 week low of $62.05 and a 52 week high of $102.47. The company has a 50 day moving average price of $66.13 and a two-hundred day moving average price of $81.02. The stock has a market capitalization of $7.22 billion, a PE ratio of 71.61 and a beta of 1.14.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. PTC had a return on equity of 10.44% and a net margin of 2.63%. The business had revenue of $322.40 million for the quarter, compared to the consensus estimate of $322.42 million. During the same quarter in the previous year, the company posted $0.36 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that PTC Inc will post 1.09 EPS for the current year.
In other news, Director Corinna Lathan sold 843 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $64.48, for a total transaction of $54,356.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Matthew Lessner Cohen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares in the company, valued at approximately $2,310,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,593 shares of company stock worth $1,564,217. Corporate insiders own 9.91% of the company’s stock.
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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