PTC Inc (NASDAQ:PTC) Shares Acquired by State of Alaska Department of Revenue

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State of Alaska Department of Revenue increased its holdings in PTC Inc (NASDAQ:PTC) by 34.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,431 shares of the technology company’s stock after buying an additional 4,765 shares during the period. State of Alaska Department of Revenue’s holdings in PTC were worth $1,256,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in PTC by 4.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,762 shares of the technology company’s stock valued at $248,000 after purchasing an additional 112 shares during the period. Optimum Investment Advisors boosted its stake in PTC by 7.7% during the 2nd quarter. Optimum Investment Advisors now owns 2,800 shares of the technology company’s stock valued at $251,000 after purchasing an additional 200 shares during the period. Tiverton Asset Management LLC boosted its stake in PTC by 8.5% during the 2nd quarter. Tiverton Asset Management LLC now owns 2,794 shares of the technology company’s stock valued at $251,000 after purchasing an additional 219 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in PTC by 1.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,740 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 270 shares during the period. Finally, Colony Group LLC raised its position in shares of PTC by 9.2% during the 2nd quarter. Colony Group LLC now owns 3,203 shares of the technology company’s stock worth $288,000 after buying an additional 270 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on PTC. Barclays dropped their price target on shares of PTC from $96.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Mizuho dropped their price target on shares of PTC from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Zacks Investment Research downgraded shares of PTC from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Wedbush dropped their price target on shares of PTC from $90.00 to $71.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Citigroup dropped their price target on shares of PTC from $89.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. PTC presently has an average rating of “Hold” and an average target price of $90.06.

NASDAQ PTC opened at $64.46 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50 day simple moving average is $66.08 and its 200 day simple moving average is $80.88. PTC Inc has a 12 month low of $62.05 and a 12 month high of $102.47. The company has a market capitalization of $7.28 billion, a P/E ratio of 61.39 and a beta of 1.14.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 24th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 10.44%. The business had revenue of $322.40 million for the quarter, compared to the consensus estimate of $322.42 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that PTC Inc will post 1.09 earnings per share for the current year.

In other news, Director Corinna Lathan sold 843 shares of PTC stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $64.48, for a total value of $54,356.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald K. Grierson sold 5,000 shares of PTC stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $67.57, for a total transaction of $337,850.00. Following the completion of the transaction, the director now directly owns 49,797 shares in the company, valued at $3,364,783.29. The disclosure for this sale can be found here. Insiders sold a total of 19,593 shares of company stock worth $1,564,217 over the last quarter. Insiders own 9.91% of the company’s stock.

PTC Company Profile

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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