PTC Inc (NASDAQ:PTC) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its position in shares of PTC Inc (NASDAQ:PTC) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 375,600 shares of the technology company’s stock after acquiring an additional 11,800 shares during the quarter. Swiss National Bank owned about 0.32% of PTC worth $34,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of PTC in the 4th quarter valued at about $31,000. Oregon Public Employees Retirement Fund raised its holdings in PTC by 8,190.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after purchasing an additional 3,455,607 shares during the period. Pearl River Capital LLC acquired a new position in PTC in the 4th quarter worth about $58,000. First Manhattan Co. acquired a new position in PTC in the 1st quarter worth about $92,000. Finally, Penserra Capital Management LLC raised its holdings in PTC by 189.4% in the 4th quarter. Penserra Capital Management LLC now owns 1,366 shares of the technology company’s stock worth $112,000 after purchasing an additional 894 shares during the period. 92.50% of the stock is owned by institutional investors.

NASDAQ:PTC traded up $2.05 during trading hours on Friday, hitting $89.76. 1,555,632 shares of the stock were exchanged, compared to its average volume of 937,508. PTC Inc has a 52-week low of $76.67 and a 52-week high of $107.44. The business’s fifty day simple moving average is $86.58. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market cap of $10.09 billion, a P/E ratio of 99.73, a P/E/G ratio of 2.58 and a beta of 1.21.

PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. PTC had a return on equity of 11.68% and a net margin of 3.06%. The company had revenue of $315.50 million during the quarter, compared to analyst estimates of $312.29 million. During the same period in the previous year, the business earned $0.34 EPS. PTC’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that PTC Inc will post 1.05 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on PTC shares. ValuEngine cut PTC from a “strong-buy” rating to a “buy” rating in a report on Monday, April 29th. Evercore ISI reaffirmed a “buy” rating and issued a $110.00 price target on shares of PTC in a report on Sunday, April 28th. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Mizuho started coverage on PTC in a report on Thursday, April 11th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Deutsche Bank reduced their price target on PTC from $115.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $102.71.

In other news, insider James E. Heppelmann sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $89.02, for a total value of $1,335,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 16,050 shares of company stock valued at $1,430,916. 9.91% of the stock is owned by company insiders.

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.

Further Reading: Certificate of Deposit (CD)

Institutional Ownership by Quarter for PTC (NASDAQ:PTC)

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