LS Investment Advisors LLC boosted its stake in shares of PTC Inc (NASDAQ:PTC) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,455 shares of the technology company’s stock after buying an additional 1,457 shares during the quarter. LS Investment Advisors LLC’s holdings in PTC were worth $618,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Honkamp Krueger Financial Services Inc. bought a new position in PTC during the third quarter worth about $116,000. Tributary Capital Management LLC bought a new position in PTC during the fourth quarter worth about $142,000. Private Advisor Group LLC bought a new position in PTC during the third quarter worth about $202,000. Checchi Capital Advisers LLC bought a new position in PTC during the third quarter worth about $221,000. Finally, Harvest Fund Management Co. Ltd boosted its position in PTC by 562.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,147 shares of the technology company’s stock worth $228,000 after purchasing an additional 1,823 shares during the period. Institutional investors own 94.49% of the company’s stock.
A number of brokerages have weighed in on PTC. Barclays reiterated a “buy” rating and set a $104.00 target price on shares of PTC in a research report on Friday, January 25th. Wedbush cut their target price on shares of PTC from $108.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of PTC to $96.00 in a research report on Friday, October 26th. Guggenheim set a $100.00 price objective on shares of PTC and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research lowered shares of PTC from a “buy” rating to a “hold” rating in a research report on Friday, February 1st. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. PTC currently has an average rating of “Buy” and an average target price of $101.19.
PTC stock opened at $87.26 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.48 and a quick ratio of 1.48. PTC Inc has a 12 month low of $65.48 and a 12 month high of $107.44. The company has a market capitalization of $10.35 billion, a PE ratio of 96.96, a PEG ratio of 2.28 and a beta of 1.26.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $334.96 million for the quarter, compared to the consensus estimate of $324.70 million. PTC had a net margin of 4.65% and a return on equity of 12.70%. PTC’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Equities research analysts predict that PTC Inc will post 1.09 EPS for the current year.
In related news, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $87.97, for a total value of $1,319,550.00. Following the sale, the insider now directly owns 718,898 shares of the company’s stock, valued at $63,241,457.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Miller sold 46,524 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $85.44, for a total transaction of $3,975,010.56. Following the completion of the sale, the chief financial officer now directly owns 80,769 shares in the company, valued at $6,900,903.36. The disclosure for this sale can be found here. Insiders sold 248,971 shares of company stock worth $21,346,056 over the last ninety days. 9.91% of the stock is currently owned by insiders.
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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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