Oregon Public Employees Retirement Fund trimmed its holdings in PTC Inc (NASDAQ:PTC) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,217 shares of the technology company’s stock after selling 4,936 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PTC were worth $2,937,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PTC. Harel Insurance Investments & Financial Services Ltd. lifted its stake in PTC by 270.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 515 shares of the technology company’s stock valued at $39,000 after buying an additional 376 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in PTC by 323.2% in the fourth quarter. Quadrant Capital Group LLC now owns 694 shares of the technology company’s stock valued at $49,000 after buying an additional 530 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in PTC in the third quarter valued at approximately $109,000. MAI Capital Management purchased a new stake in PTC in the fourth quarter valued at approximately $225,000. Finally, Tower Research Capital LLC TRC lifted its stake in PTC by 39.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,087 shares of the technology company’s stock valued at $211,000 after buying an additional 878 shares during the last quarter. 86.28% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $74.65, for a total transaction of $1,866,250.00. Also, EVP Kathleen Mitford sold 613 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $73.39, for a total value of $44,988.07. Following the transaction, the executive vice president now directly owns 20,932 shares in the company, valued at approximately $1,536,199.48. The disclosure for this sale can be found here. Insiders have sold 26,203 shares of company stock valued at $1,958,626 in the last 90 days. Company insiders own 10.13% of the company’s stock.
PTC stock opened at $87.35 on Friday. PTC Inc has a 12 month low of $62.05 and a 12 month high of $102.47. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $80.90 and a 200-day simple moving average of $72.09. The stock has a market capitalization of $10.09 billion, a PE ratio of 223.98 and a beta of 1.09.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 22nd. The technology company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.13. PTC had a return on equity of 13.10% and a net margin of 3.38%. The business had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $342.74 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that PTC Inc will post 1.56 EPS for the current year.
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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