Dimensional Fund Advisors LP Has $21.74 Million Position in PTC Inc. (NASDAQ:PTC)
Dimensional Fund Advisors LP decreased its position in shares of PTC Inc. (NASDAQ:PTC) by 3.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 413,779 shares of the technology company’s stock after selling 13,089 shares during the period. Dimensional Fund Advisors LP’s holdings in PTC were worth $21,744,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in PTC. Vanguard Group Inc. raised its stake in shares of PTC by 4.9% in the first quarter. Vanguard Group Inc. now owns 9,188,631 shares of the technology company’s stock worth $482,863,000 after buying an additional 430,924 shares during the last quarter. FMR LLC raised its stake in shares of PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock worth $270,642,000 after buying an additional 2,755,079 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of PTC during the first quarter worth about $130,787,000. Thornburg Investment Management Inc. purchased a new stake in shares of PTC during the first quarter worth about $109,170,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of PTC by 23.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,801,606 shares of the technology company’s stock worth $94,674,000 after buying an additional 344,239 shares during the last quarter. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PTC Inc. (PTC) opened at 53.53 on Thursday. The firm’s 50-day moving average price is $56.08 and its 200-day moving average price is $54.86. The stock’s market cap is $6.19 billion. PTC Inc. has a 12-month low of $41.08 and a 12-month high of $60.22.
PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. PTC had a negative net margin of 3.46% and a positive return on equity of 6.69%. The company had revenue of $291.92 million during the quarter, compared to analysts’ expectations of $290.55 million. During the same quarter last year, the company posted $0.26 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts forecast that PTC Inc. will post $1.20 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. Benchmark Co. assumed coverage on PTC in a report on Thursday, May 18th. They issued a “buy” rating and a $65.00 price target for the company. Guggenheim assumed coverage on PTC in a report on Wednesday, April 12th. They issued a “neutral” rating and a $50.00 price target for the company. They noted that the move was a valuation call. Evercore ISI reiterated a “buy” rating and issued a $65.00 price target on shares of PTC in a report on Thursday, April 20th. Finally, Robert W. Baird assumed coverage on PTC in a report on Wednesday, May 10th. They issued an “outperform” rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. PTC presently has a consensus rating of “Buy” and a consensus price target of $62.25.
In other PTC news, Director Donald K. Grierson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the transaction, the director now owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barry F. Cohen sold 27,374 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the completion of the transaction, the executive vice president now directly owns 79,729 shares of the company’s stock, valued at approximately $4,358,784.43. The disclosure for this sale can be found here. Insiders sold a total of 65,329 shares of company stock valued at $3,588,097 in the last three months. 1.11% of the stock is currently owned by corporate insiders.
PTC Company Profile
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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